40 Results for “bitcoin”

Lynn Parramore’s INET interview with Chanos is suggested reading in the FT, and has been cross-posted or summarized in the following media outlets: Naked Capitalism, MSN, Yahoo, Business Insider, AOL, Markets Insider, Latest Finance, Trade for Profit, Tech Telegraph, Best Stocks, Motor Mouth, Trading View India, Trading View, Benzinga, Hataf News, Forex TV, Business News and WN.

Over the next year, the Bitcoin price could double, soar tenfold, or collapse by 95% or more, and no economic analysis can help predict where in that range it will lie. Like other cryptocurrencies, Bitcoin serves no useful economic purpose, though in macroeconomic terms, such currencies probably also do little harm.

In his new book, Let Them Eat Crypto, Peter Howson cautions that the technologies are not just fraudulent but causing indefensible harm to both humanity and the planet.

Marketwatch cites our interview with Jim Chanos on Bitcoin

Forbes cites our interview with Jim Chanos on Bitcoin

Business Insider cites our interview with Jim Chanos on Bitcoin

INET Global Commissioner Peter Bofinger breaks down cryptocurrencies, and why they’re actually far from “anonymous”

Cryptocurrency was supposed to change the economic outlook for Black America. For many, it made things worse.

The famed short-seller reminds us that technology might advance, but we’re still a pretty predictable bunch of apes.

CNBC cites our interview with Jim Chanos on Bitcoin

Two separate INET funded research articles are cited; first from Schularick, Jordà, & Taylor on leveraged bubbles followed by Bao, Hommes, & Makarewicz on bubble formation. “Since their inception, financial markets, and to a lesser extent some real markets, have been subject to bubbles. … More recently, stock prices, but also credit, real estate, commodities, bond markets, and famously, bitcoin, are all assets that have experienced bubble episodes. Regarding cryptocurrencies, many economists also defend a permanent bubble, their fundamental value being theoretically non-existent.” …. In fact, the presence of bubbles in the markets (financial and real) seems to stem from the persistent behavior of economic agents. Experimental studies, controlling exactly the actual value, showed that participants tended to set up a bubble-like operation, with price surges and collapses very similar to real economy situations, and in no way related to a change in the market.

The “dean of short sellers” says bitcoin is the last thing he’d want to own in the event of a catastrophe.

YSI is hosting sessions at the 2018 STOREP conference.

The GENIUS Act is a disastrous law that poses grave and unacceptable threats to our financial and economic future. Congress must remove those threats by (1) repealing the GENIUS Act and passing legislation that requires all stablecoin providers to be FDIC-insured banks, and (2) adopting legislation that requires all crypto derivatives to comply with the rules governing non-digital derivatives under Title VII of the Dodd-Frank Act.

The famed short-seller talks Sam Bankman-Fried, why Wall Street is still so keen on crypto, and how technology is making us dumber.

Focusing on what money really is – whether gold or state fiat – shifts attention away from what credit really is, which is to say away from the center of discontent.

Financial Globalization and its Cryptocurrency Discontents

After FTX’s collapse, crypto looked finished. Yet Washington revived it, culminating in Trump’s GENIUS Act and a surprising Democratic shift. How did money and affluence predict pro-crypto votes, amid widening deregulation and cyber risk?

The bundle of sanctions was initially designed and imposed in haste, with little basis to assess historic performance.

The distinguished economist talks about the power of entropy in shaping a new economic reality and viewing current events. His new book, Entropy Economics: The Living Basis of Value and Production, challenges flawed mainstream models that lead to distortions and bad policy.

On deregulation and Covid masks, libertarians are loud. On female liberty, deafening silence.

Using computational linguistics to estimate firm-level cyber risk exposure based on quarterly earnings conference calls.

In “celebration” of the late Pete Peterson’s 92nd birthday (see guest list), an excerpt from 19th Century historian Lord Macaulay’s History of England, on hundreds of years of unwarranted panic about government debt.

Luohan Academy’s Director Chen Long discusses the academy’s latest report, on the benefits of creating a “digital circular economy,” which would go a long way towards reaching net zero carbon emissions and addressing the climate crisis. Report link: https://www.luohanacademy.com/insights/bc89734b94adf00c

In her new book, veteran Wall Street watcher and economist Nomi Prins warns that central bank strategies deployed since the financial crisis are destroying the real economy, worsening inequality, and creating societal chaos.

Economists Claudia Sahm, Servaas Storm, and Pia Malaney share their views on the problem that has everyone freaking out. Here’s what it all means for your pocketbook – and your democracy.

INET at the Trento Economics Festival 1: A dialogue between Mark Carney and William Janeway, coordinated by Robert Johnson Our world is full of fault lines—growing inequality in income and opportunity; systemic racism; health and economic crises from a global pandemic; mistrust of experts; the existential threat of climate change; deep threats to employment in a digital economy with robotics on the rise. These fundamental problems and others like them stem from a common crisis in values.

Venture-backed “tech capital” is reshaping U.S. politics through campaign finance, platform gatekeeping, defense/AI procurement, and policy entrepreneurship. In an interview with Nick French, INET’s Research Director Thomas Ferguson discusses these channels of influence, examining their macro-distributional consequences, and outlining guardrails to restore democratic accountability and broadly shared gains.

In this episode of Economics and Beyond, Rob Johnson and John Fullerton discuss his new book, Regenerative Economics which explores flaws in traditional economic thinking, and the need for a new framework that views the economy as a living system.

Ransomware gangs have been causing extensive damage. It’s time that the government takes them more seriously.

John Fullerton, the Founder of the Capital Institute, discusses the urgent need for a new paradigm in economic thinking, modeled on living systems instead of Newtonian physics, which he calls regenerative economics.

Sociologist Michael A. McCarthy’s latest book shows how ordinary people can take back control of financial capitalism and make it work for them.

Tiger Gao, brilliant young host of the Princeton University podcast, Policy Punchline, interviews Rob Johnson about INET’s aims, the function of economics in academia, and the relationship between Silicon Valley culture and the latest technologies, among other things.

In the face of  laissez-faire capitalism at home and resurgent nationalism across the globe, INET offers an innovative look at the causes of—and solutions for—the problems that ail a fissuring world economy.

INET at the Trento Economics Festival 3: A dialogue between Michael Spence and Robert Johnson The governance of technology is a new challenge. The Recovery Plans is encouraging the digital transformation of our economies. An acceleration of technological change is bound to deeply affect labor markets and income distribution. While labor-market adaptation is likely to stave off permanent high unemployment, it cannot be counted on to prevent a sharp rise in inequality.

Financial Times columnist and US editorial board chair Gillian Tett talks about her new book, Anthro-Vision, which makes the case for how anthropological intelligence can help us make better sense of the contemporary world.

The COVID pandemic highlighted the deepening water crisis. “Do we understand that over half the population of the world doesn’t have a place to wash their hands with soap and warm water?” says water warrior Maude Barlow.

World Ocean Observatory founder Peter Neill talks about the dire emergency in which the world’s oceans currently find themselves in and what must be done to save them.

Economics Nobel laureate Sir Angus Deaton discusses his latest book, Economics in America, which takes an autobiographical approach to how the field of economics addresses the most pressing issues of our time—from poverty, retirement, and the minimum wage to the ravages of the nation’s uniquely disastrous health care system.