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Bitcoin is successful only because of its potential for circumvention, lack of oversight.

Joseph Stiglitz

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Bitcoin Lack Oversight Potential Success

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The reason that the invisible hand often seems invisible is that it is often not there.
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The facts shouldn’t get in the way of a pleasant fantasy.
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The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
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Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
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We won’t have an economic recovery until Covid-19 is under control.
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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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It’s expensive to keep 2.3 million people in prison.
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International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
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The U.S. won’t be free of Covid-19 until the world is.
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