Introduction to Bitcoin

            Bitcoin is a wildly popular, unregulated, and open-sourced digital currency that may have major implications on the future of both investment and monetary policy.               Now priced at over 88 dollars per Bitcoin, the currecy got its start in July 2010 at under one cent per Bitcoin.  In the Business Insider article What the Rise of Bitcoin Teaches us about Money, Cullen Roche challenges us to consider what makes good money good.  Does a digital currency make the cut?  Below is a graph depicting the rise in value of Bitcoins.

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Cafe Hayek: But Who Am I to Argue with Ralph Kramden?

by DON BOUDREAUX "Here�s a letter to the New York Times: Lawrence Zelenak wants us to �celebrate� the annual ritual of reporting to the government the intimate details of how much money we earn and how we go about earning it (�When We Loved Form 1040,� April 1).  According to Prof. Zelenak, �the filing of Form 1040 draws our attention to our duties as citizens in a way that no other levy, including a national sales tax, could.� Overlook the dubious presumptions that constitute Prof. Zelenak�s understanding of government � an understanding that rises no higher than the offering in a typical …

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Implications of 3-D Printed Guns

            Inspired by the ever-increasing popularity of 3-D Printing, Cody Wilson founded Defense Distributed, a company aiming to revolutionize the firearm industry.                 The organizations goals are mixed: Eventual sales of cheaply produced weapons combined with the creation of a open-sourced online community designing and sharing printable pieces in hopes of improving the individual’s ability to protect themselves.

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The High Cost of Higher Education: Is Government the Solution or Problem?

            by KEVIN CZARZASTY             As the cost of college rises year after year, we should wonder:  What is the best way to ensure the maximum quality of services provided by universities, while minimizing ever-growing tuition?             This and recent administrations believe that access to government loans will enable more students to attend college, earn a better living, contribute to society more productively, and in turn, everyone will presumably become better off.  However, are there unintended consequences of government providing easy credit to so many 18 year olds?             One argument against government stimulating education is …

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