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2017 Digital Year in Review

December 26, 2017 - 14:34 -- Admin

It is time for the annual review of the past year in digital economics. As in prior years, this review will resemble an awards ceremony. And there are so many events deserving of recognition — hackers at Equifax, Russian ads at Facebook, #metoo on Twitter, an implosion at Uber, and a bubble at Bitcoin, to name just a few notable events. This post will reward these events, and more!

The Hush Hush Norm

December 13, 2017 - 00:22 -- Admin

Mainstream writers do not discuss online sex and porn for fear of touching unseen landmines that offend readers. It is part of a phenomenon that I call the hush-hush norm. There are permeable boundaries between rebellious and mainstream hackers, and between porn and mainstream content providers. Yet, the mainstream press discusses all of it as if sex and porn do not exist.

The Bitcoin Bubble Post Mortum

December 9, 2017 - 02:24 -- Admin

When asked about the current Bitcoin price increase, pretty much all economists agreed it is a bubble. This is not to say that we wouldn’t have minded being given some bitcoin back in 2011 and have forgotten about it until now. But the massive volatility along with the exponential price movements over the past day, week, month, year or what have you, is something we have seen all too often before. Every decade or so, there is a bubble in something. For 2017, it is bitcoin.

Insider Privileges

November 24, 2017 - 06:27 -- Admin

Prairie Home Companion begins with a mischievous maxim that all children in Lake Wobegon are above average. The equivalent adage in Silicon Valley goes like this: Every insider acts like an outsider.

The Pokemon GO Death Count

November 21, 2017 - 00:19 -- Admin

Have you ever wondered what economists do fun in Indiana? You might think that they could benefit from the global supply of digital goods like everyone else without having to worry about local effects. But you would be wrong. They are always thinking local.

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