• Cathy Reisenwitz
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Economics

Where is Ted Cruz on Bitcoin?

March 24, 2015 by Cathy Reisenwitz Leave a Comment

On Monday, Texas Senator Ted Cruz announced that he’s seeking the nomination for GOP presidential candidate at Liberty University. His stump speech included goals such as abolishing the IRS, securing the border, growing the economy, and protecting religious liberty. Cruz did not mention bitcoin or cryptocurrency, getting closest with “Imagine innovation thriving on the Internet … [Read more…]

Posted in: Economics Tagged: Bitcoin

With or Without the Subsidies, Obamacare May Fall Apart

August 4, 2014 by cathyreisenwitz Leave a Comment

The Obamacare subsidies depend on Halbig’s outcome, and whether millions of Americans can afford their healthcare plans depends on the subsidies. At least, that’s the narrative. Commentators warn of a coming “death spiral” of extraordinary costs and insufficient incoming premiums as people cancel their plans without the subsidies. But what they’re ignoring is that Obamacare … [Read more…]

Posted in: Economics Tagged: ObamaCare

How Government Is Making Black Markets as Dangerous As Humanly Possible

July 25, 2014 by cathyreisenwitz Leave a Comment

Just as the internet has revolutionized nearly aspect of everyday life, it’s revolutionized the so-called informal economy as well. Online marketplaces have made life far safer for people whose desires take them outside the bounds of legal protection. Which is why it’s so disturbing that government agencies are effectively turning back the clock, and shutting … [Read more…]

Posted in: Economics Tagged: Black Markets, feminism, sex work

Eat the Rich? Au Contraire. Here’s Why We Need Them

May 28, 2014 by cathyreisenwitz

Inside a recent analysis of Jill Abramson’s firing from the New York Times, Jacob Bacharach reveals a serious misunderstanding of how economies work. There are certainly lots of good reasons to care about income inequality. However, failing to understand the utility of high incomes leads to uninformed, knee-jerk “eat the rich” policies. In practice, these laws and … [Read more…]

Posted in: Economics, Uncategorized Tagged: Income Inequality

Paul Ryan Budget Gets Into the Gimmick Game

April 8, 2014 by cathyreisenwitz

Ryan’s House Budget Committee has a new budget blueprint which promises to eliminate the deficit in decade or so through tax cuts, and a new accounting trick. The budget plan contains the first reference to a line item labelled “macroeconomic fiscal impact,” and it refers to the economic growth created by cutting the deficit. Simply put, as … [Read more…]

Posted in: Economics Tagged: Budgets, Paul Ryan

Elizabeth Warren’s Crusade to Nationalize Payday Lending Squeezes Native American Tribes

March 20, 2014 by cathyreisenwitz

Recently, two seemingly unrelated things happened in the so-called “payday lending” world. First, Senator Elizabeth Warren began trumpeting a plan to offer short-term lending and banking services through the United States Postal Service. Then Native American Tribes sued New York’s Superintendent of Financial Services for illegally cutting them off from offering their own online lending … [Read more…]

Posted in: Economics Tagged: Elizabeth Warren, Payday Lending, War on Poverty

Elizabeth Warren’s Crusade to Nationalize Payday Lending Squeezes Native American Tribes

March 12, 2014 by cathyreisenwitz

Recently, two seemingly unrelated things happened in the so-called “payday lending” world. First, Senator Elizabeth Warren began trumpeting a plan to offer short-term lending and banking services through the United States Postal Service. Then Native American Tribes sued New York’s Superintendent of Financial Services for illegally cutting them off from offering their own online lending … [Read more…]

Posted in: Economics Tagged: Economics, Elizabeth Warren, Lending

There Is No American Meritocracy As Long As People Are Naming Their Kids Truffles

March 3, 2014 by cathyreisenwitz

Peter Neiger shared a great little piece by Nicholas Kristof in the NYT yesterday, The Compassion Gap. It’s not long and I highly recommend reading the whole thing. Kristof points out a lot of uncomfortable truths, especially uncomfortable for free-marketers. The post is a defense of his previously offered suggestion for more “early-childhood interventions to broaden opportunity in America.” … [Read more…]

Posted in: Economics Tagged: Meritocracy, Poverty, Social Justice

Don’t Challenge J.P. Morgan’s Settlement With The Government; Instead, Sue The Federal Reserve

February 22, 2014 by cathyreisenwitz

A nonprofit called Better Markets announced last Monday that it is suing the Justice Department for settling its case against J.P. Morgan in secret. The DoJ accepted the equivalent of five months of profit from the United States’ largest bank for negligence which contributed to the 2008 mortgage crisis. “The Wall Street bailouts were bad enough, but … [Read more…]

Posted in: Economics Tagged: J.P. Morgan, Justice Department

Grounded Venezuelans May Want to Escape to Bitcoin

January 16, 2014 by cathyreisenwitz 1 Comment

Venezuelans are having trouble flying in and out of their country. Spanish discount airline Air Europa has indefinitely stopped taking taking bolivars, the Venezuelan currency, since the Venezuelan government stopped exchanging them for U.S. dollars. ”The reservation people told me that I could buy the ticket in dollars or euros, but not bolivars,” said one stranded passenger. “I’m … [Read more…]

Posted in: Economics Tagged: Bitcoin
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