Explains inflation in png

Progess is coming faster than one thinks.

Backgrounder to the story on Puma

In this brief chat, I review whether Bitcoins, scamcoins, digital coins and tokens can ever be real money.

The answer: yes — if they have real ‘stuff’ backing them up.

Most every tradable good/service (like chocolate) need prices to sit in a real economy.

Py=mv is more than simple maths. It is the future of digital currencies.

I give two sets of recommendations: 1- to you and I, and 2- to regulators.

For us, we can protect ourselves be looking for the underlying value behind the ‘coin’. No real pig— I’m probably the Greater Fool.

For regulators, a “real economy=real use” case for their regulator seems like the right way forward. Lets not get bogs down in regulatory requirements, exempt some with sandboxes.. and bureaucratize financial markets more.

Use a simple approach. If the users had an honest, real use in mind — a price wipe wipeout, auto-contract glitch or 1,000 other problems were probably all innocent victims. Restitution goes like normal. Getting ‘Hushpuppied’ probably should get fraud investigators out there quickly.

In a ever complex regulatory landscape, Michael’s appeal for a simpler, common sense, tied-to-our-shoes approach approach toward regulation seems desperately called for.

NONE OF THE REMARKS MADE REFLECT THE OPINIONS OF ANY INSTITUTION I MAY AFFILIATE WITH, NOW, PAST OR FUTURE. I DONT THINK I GAVE AN AFFILIATION FOR THAT PURPOSE.

We are building the new internet on the bones of the old. Like the early attempts to build airplanes using flappable wings. We take our grandfathers' understanding of law and economics - and try to apply it to Web3.

In this podcast, I describe how a new set of laws and conventions could help us break out of the 'lock in' which keeps us using New Tech (blockchains, lithium-ion, artificial intelligence, tokens) like the wood and paper of old tech.

I give examples of how FinTech could change the way we live. And how 70-80 year old men simple add-on to existing law. Like taking the law on horse-driven transport and replacing the word 'car' for 'horse' in the new law. Dumb. Yet, true.

Most of us use theories and empirical results from development economics all day long at the office. What if much of it led to under-development because of a shadowy group of advocates (or those who profess) benefit from bad theory and practice? I describe this Shadow Professoriate, the rules that keep it going strong, and their wages. I provide ball-park estimates of the harm they cause and how they cause this harm. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4188018

Afraid to arbitrate a dispute because you don't want to spend thousands of dollars on lawyers? You don't need to. In this clip, I tell you everything you need to know about finding and hiring an arbitrator like me, the arbitration process and what you can expect to get out of it.

Why Do Economists Use Models? by Bryane Michael

Governments are trying to procure innovative FinTech sectors. Yet, no one yet knows what such FinTech should look like. In our paper, we look at how to amend existing procurement law domestically and internationally. For the paper: http://ssrn.com/abstract=3976018.

Wanda Dalian Chairman Jian-Lin WANG had a decision to make. Should he, and Wanda by implication, compete with Disney aggressively, or do something else? What should the company's grand strategy be? And what is the role of the People's Republic's government in all this?

This teaching video should help you with the issues behind the case study. Listen to the case study here -- and read it on the link below. Look at the YouTube video for pointers from the Teaching Note. And prepare to think about the major issues involved in the case. For advanced MBA and management students and executives following related courses.

Case Study: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3169121