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John Quiggin

Bitcoin’s belated bust

It’s been quite a big week in cryptocurrency markets. The price of Bitcoin has fallen close to $4000, down from a peak of nearly $20 000. As a longstanding sceptic of cryptocurrencies, it might be thought that I would be taking a victory lap. After all, I have previously written that “Bitcoins will attain their true value of zero sooner or later, but it is impossible to say when.” With the Bitcoin price having fallen by 75 per cent, it might seem that my prediction is well on the way to...

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Email News #25

My (aspirationally) regular email news is over the fold. If you’d like to get it delivered to your inbox, please sign up using the following link Hi all, Another email newsletter. I’ve been working fairly quietly for the last few weeks, but I recently attended an interesting panel discussion with Joe Stiglitz, the Nobel Laureate who brought the “1 per cent” to popular attention. He pointed to some interesting research by Mark Stelzner at Connecticut College relating the rise in...

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Monday Message Board

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link Like this:Like Loading...

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Trolls (crosspost from Crooked Timber)

I’ve decided that life is too short for me to deal with any more trolls. From now on, I’m following the same zero[1] tolerance policy regarding blog comments as I do on other social media. Snarky trolling comments will lead to an immediate and permanent ban from my comment threads. More generally, I’ve come to the conclusion that the best way to look at the ‘Intellectual Dark Web’ and what remains of the Republican intellectual class is the light of my experience as a blogger. Put...

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Brexit: this is it?

Since the Brexit referendum was hailed by many as representative of a new force in global politics, it’s of interest even on the far side of the planet, and I’ve watched the slow-motion train wreck with appalled fascination. So, as far as I can tell, the Brexit deal Theresa May has come up with is pretty much the super-soft version. About the only immediate change it will produce is a return to blue passports in place of the EU burgundy, which, it appears, were always optional. And, it...

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Monday Message Board

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. If you would like to receive my (hopefully) regular email news, please sign up using the following link Like this:Like Loading...

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Armistice Day

It’s 100 years since the Armistice that brought an end to fighting on the Western Front of the Great War. Ten million soldiers or more were dead, and even more gravely wounded. Most of the empires that had begun the war were destroyed, and even the victors had suffered crippling losses. Far from being a “war to end war”, the Great War was the starting point for many more, as well as bloody and destructive revolutions. These wars continue even today, in the Middle East, carved up in...

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Time to join the generation game? Definitely

A little while ago, I <a href=”https://johnquiggin.com/2018/09/10/time-to-join-the-generation-game/”>partially recanted</a> my long-standing rejection of the idea that “generations” are a useful way of thinking about such issues as political attitudes. The UK elections showed a very strong age effect, reflecting the way that the politics of nostalgia, represented by Brexit, appeal to the old and appal the young. The same appears to be true of “Make America Great Again”, at...

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