Hi everyone! Here’s continuing with the rapid weekly update catch up series. The week that was at Parachute (5 – 11 April 2019):submitted by abhijoysarkar to ParachuteToken [link] [comments]
ParJar crossed 26k tips since the start of the year catching the attention of some big names in crypto. Crypto World News featured ParJar in a news item while Crypto Zombie did a quick shoutout. Belated birthday wishes to Parachute’s very own Iceman! Hope you had a great one mate. Alexis won 400k PAR for topping the March Madness Pool. He also made it to the finale of this week’s Parena only to be beaten by Camille. She took home a cool share from the 200k PAR pot. The DoTA tournament turned out to be great fun with the team of Parachuters beating a team of bots in the game. Participants won 200k PAR and 1300 AXPR each. Chris set up Parachute’s first ever Masters Pickem Contest. The winner would receive a 2019 Masters hat in Masters Green. Sweet!
Parachute’s Master Pickem Contest winner gets to wear this beauty
The Ethfinex community vote came to a close with AXPR coming in 4th even though we had the highest number of unique voters. Inspite of the loss, the aXpire community was a clear cut winner. Community members and overall rockstars Dj and Gamesawy made a ton of awesome artwork to motivate folks to vote AXPR. And motivate they did! aXpirians joined forces and showed strength in numbers with everybody chipping in with as much as they could and more! The final MatchBX redesign sneak peek dropped this week. Check it out and share your thoughts. The weekly AXPR burn took place like clockwork. The AXPR Prime program now has 11M AXPR locked in it. That is insane! FinancesOnline awarded Resolvr with the “Premium Usability” and “Rising Star” prizes with Resolvr also making it to the list of best budgeting software solutions of 2019. Woot woot! Dutch readers can catch up on Crypto Benelux’s review of aXpire which was published this week. And finally, if you kept a keen eye on the chat, Matt shared a super early preview of the front end market place - Digital Shares: "CoinBX as a gateway MVP (backend engine) is ready, but we are adding a front end market place called Digital Shares. Even that backend will see upgrades to increase transaction speed and UI/UX". Stay tuned.
Dj and Gamesawy. You rock!
The 2gether presale started this week for citizens of Eurozone. Check out this thread to see how people in the EU19 have been using the card to buy stuff. This article shares more details on the launch. There’s also a sweet video series on 2gether team members using the card and app to buy carrot cake. Nom nom. CEO Ramon travelled to Innovation Finance Congress and U-tad this week to talk about fintech and collaborative banking models. Click here and here for a sneak peek. The incentive economy model involves customers by empowering them and returning revenue. Read this article to find out why businesses built on such a model will disrupt more industries in the future. Plus, the 2gether Steemit blog is now live. If you’re on Steemit, give them a follow. The first ETC Labs cohort (of which Cryzen was a part) came to an end this week with the Demo Day. Shuvro presented the Cryzen pitch deck on the occasion. Check around the 38 minute mark. Code gurus, have a look at Shuvro’s machine learning proof of concept simulation. The code involves a train function which uses past data to predict a future data point. See if you can better it!
Can you spot Ramon on stage?
Firstly, congratulations to HYDRO for making it to the top 3 in the Ethfinex community vote. And accolades have been coming Hydrogen’s way throughout the week. Fast Company named Hydrogen in its list of World Changing Ideas in the Developing World Technology category. By making the list, HYDRO was in august company of such behemoths as Ripple and Mindtree. Hydrogen was also selected to the WealthTech100 list of the world’s most innovative WealthTech companies for 2019. Mike should start working on getting a bigger trophy room. What say? The team also presented the molecule blockchain this week at the Global Treasury Leaders Summit hosted by The Economist. Blockchain Transparency Institute’s Market Surveillance Report for April’19 was published this week. HYDRO is one of only 55 tokens that can claim 0% wash trades on the list of 567 tokens that were analysed by BTI. Another big win for HYDRO! The Hydro developer update also came out this week. Did you know that 9M HYDRO tokens were rewarded to developers from the community who successfully completed bounties? Read more in the update.
HYDRO is one of only 2 tokens with more than USD 100k volume and 0% wash trade
Fantom announced a partnership with Yonsei University this week to work on virtual machines compiler development. Research updates in this segment will be released in the future. Fantom has released a simplified explanation of its proof of stake model. If you had trouble decrypting the more technical PoS document, the latest article should be helpful. Following Fantom CIO Michael Kong’s AMA last week, SharkCIA conducted a 1-on-1 interview with him. Click here to check it out. District0x’s weekly update cover a range of news from tipbots to invite links. If you want to know about token curated registries being built with Meme Factory, check out this helpful guide. The press release of Switch’s DEX platform was published on bitcoin.com with details on how the fees from the DEX will be airdropped to ESH and SDEX holders. If you missed the SwitchDEX introduction article last week, you can read the press release to catch up. CEO Josh appeared for an interview with Joe’s Crypto to discuss on all things Switch. Horizon State closed the week with another exchange listing. This time on UpBit!
Approximate distribution of FTM block rewards over a 4 year period
Opacity’s slogan competition saw a winner being announced this week. The winning entry was “Handle your Privacy” and it clearly represents what Opacity is all about. Freedom to control your privacy. Blockport STO press release was published on CoinTelegraph with details on the project. The STO also made it to the top 5 STOs of 2019 list prepared by CoinFunda. Uptrennd founder Jeff’s interview by Scott Cunningham dropped this week. The discussion ranged from the ins-and-outs of the platform to the future roadmap. Also, Uptrennd is giving away 20 bonus points (redeemable for 1UP tokens) for joining their Telegram channel. Still trying to figure out how to use the Birdchain platform to launch an ad? Here’s an article that lays out all the details. Plus, this guide on how to grow your community should be useful for budding marketeers.
Ad statistics on Birdchain
Uzi’s interview of Ethos CEO Shingo provides an in-depth look into how Ethos functions as a company and where crypto is heading to in the foreseeable future. And if you’re looking to introduce a friend or family member to blockchain, sign them up for the Ethos Blockchain Course. Crypto awareness FTW! Dapp.com featured the WednesdayClub dApp this week in a brief write-up. And finally, the latest Gem app update (v0.17.6) came out which has fixed a few pending bugs. Check it out from the App Store/Play Store! Want to see something cool? Here’s a couple of antiquities from Gian’s extensive collection of treasures:
From our very own Giandiana Jones’ treasure chest
And with that, it’s a wrap for this week at Parachute. See you again with another update soon!
Hiya folks! With this update we will be totally caught up with the latest Parachute weekly. Whew! Told ya it will be fun. Thanks for sticking by. Here’s your week at Parachute (28 Jun – 4 Jul’19):submitted by abhijoysarkar to ParachuteToken [link] [comments]
ParJar crossed 10k users this week (with 120k total transactions till now). The growth is real! PAR got listed on Mercatox as well. The first Cex listing. Woot! Remember how well researched Benjamin’s BOMB metrics reports were? You are in for a treat. He made a deep dive report on the PAR token metrics as well. Enjoy! CoinsOnFire’s review of Parachute is out too. Have a read! Cap’s Parachute journey article was translated to Spanish by Roberto. The milestone items for July are pargas, new projects, more coverage. Cap announced a competition to design a logo for the Parachute News/Announcement channel. Tons of solid entries. 300k PAR were given out to the top picks. Pedro’s logo was simple yet clear in its message and was the winner of the comp with it becoming the Ann channel logo.
Great work on the logos, guys! These look super fresh
Ice and Chris rocking that Parachute swag
The latest ParJar feature allows you to see price of any coin/token/USD/CAD/EUGBP/PLN/RUB amount to another coin/token/USD/CAD/EUGBP/PLN/RUB. So if you want to see price of 5000 PAR in AXPR or USD, just type /convert 5000 PAR AXPR or /convert 5000 PAR USD. Try it out in PM with the bot. Ketan won this week’s Parena and laid claim to the lion’s share of the 100k PAR pot. Victor’s trivia this week in ParJar was on Animals. 10 questions, 50k PAR. Dayum! Ian hosted an art quiz in ParJar as well. Another 50k PAR given out. The OG Parachute items were finally phased out of the parachute shop this week. Check out the latest gear that arrived in the shop.
The Big Chili Race Standings as on 2-July
Alexis receiving one of the last shipments of the OG gear
aXpire submitted its proposal to be listed on Binance Dex this week. The 100k monthly AXPR burn can be tracked here. Weekly update video is up as well. Have a look. Co-Founder of Huddl, Vishal Karir, wrote about BOMB as deflationary gold in an article on scarce assets. Jason Choi, researcher at The Spartan Group, talked about two "fascinating & underexposed economic experiments in crypto" in a tweet thread this week. One of them was BOMB. Benjamin’s latest BOMB Report is out as well. You can also watch him elaborate on it in this video. Remember, the BOMB video contest that has been ongoing for a few weeks now? Here’s a compilation of 100 submissions. The winners have been selected. A new market stats dashboard will be going live soon. And finally, don’t forget to mark your calendars for July 15th. Zachary will be announcing the next big step for BOMB.
This chart from Benjamin’s report seems to back up BOMB’s core idea
Horizon State was featured in the blockchain showcase series by Micky News with a detailed background on the project and where they are heading. HST got added to the FlashCoin mobile wallet and its P2P marketplace. The Hydro Pay app’s official video was released this week. Plus, check out the latest app updates here, here and here. The project was also covered in a publish0x article about 3 promising projects in H2 2019. HYDRO has taken the lead in a vote-for-listing competition to get listed on ChangeNOW. Read more about DeFi and how Molecule is a positive force in the DeFi space in Hydro’s article. In District0x-verse, read up on the latest from the District Weekly. Meme Factory’s newest meme contest is underway. Hearthstone fans, don’t forget to catch the gameplay recording of Game of Memes (which uses Meme Factory assets for game cards). Project Manager Alexander wrote about the journey of Meme Factory so far in his blog article.
Meme Factory's dankest meme as of 4th July :p
Fantom’s FTM token was listed on OKEx, OKEx Korea and Bittrex International this week. If you’ve been living under a rock for the first half of 2019, CMO Michael Chen’s got your back. His half yearly recap article covers all things Fantom. Michael's presentation at ZKLux#1 was featured in Sikoba's blog post. PaperCoins’ review of Fantom was published this week. Check it out! The team also had an AMA with the latest partner, Xangle. Click here for the transcript. Opacity (and Hydro Pay) were added to dApp browser on dapp.com. June recap for Opacity was out this week. Bounty hunters, have a read of the weekly Bounty0x distribution report. Bloom partnered with the platform to provide Bloom verified accounts for Bounty0x users. Bloom verified accounts are more trustworthy and hence get access to higher value bounties compared to unverified accounts.
Bloom takes data privacy seriously
1UP will be seeing a major burn of its tokens in the near future. Read more about the updated tokenomics here. Another project will get a chance to be reviewed in detail for free by Uptrennd. Voting started this week. Have a question to ask Enjin CTO Witek Radomski? Uptrennd will be interviewing him soon and your question could make it to the interview. The ETHOS Universal Wallet turned 1 this week. Happy Birthday! Switch’s press releases went live simultaneously on Reuters, The Merkle, Bitcoin PR Buzz, Coinspeaker, Blockmanity and ZyCrypto. ESH was listed on Mercatox and ZooomEx. One of the coolest features on Switch is the option to buy gift cards with altcoins. Catch up with the latest at Switch from their update article. In Birdchain news, get an early preview of the of the SMS feature on the app and its testing snapshots. Details of the 2gether referral program were released this week. Here’s a link for Spanish speakers.
And with that, it’s a wrap for the rapid catch up series and for this week at Parachute. Thank you again for being here and God Bless Parachute! See you again with another update. Ciao!
|What would happen if we began trading with Cuba again?||They'd quickly get a lot richer, and we'd get some very nice vacations. In the longer run, the chance that Communism in Cuba would collapse or collapse into mere rhetoric is high.|
|Would you endorse something like a BIG?||As a replacement for the status quo, maybe. As an addition, no.|
|Why do you think the idea is so appealing to both libertarians and socialists? Should proponents in each group be worried that the idea appeals to their ideological opponents?||Libertarians like it because they think it will be a replacement. Socialists like it because they think it will be an addition.|
|I'm a regular reader of Econlog and love watching your debates. Myth of the Rational Voter influenced me tremendously. I've been waiting patiently for your magnum opus that will put you in the realm of Rothbard and Friedman regarding anarcho capitalist literature (no pressure). David Friedman is working on his 3rd edition of Machinery, and you're busy writing about having kids. What gives? ;) What is your position on the legitimacy of IP laws? Are 'digital copies of songs' or 'general ideas for software' or 'specifications for a toaster with a window', etc. property?||For the typical left-anarchist, I'd just start with, "Who will take out the garbage?" Or more generally, "What about people who don't want to go along with the collective?"|
|I see no problem with contracts that forbid sharing. Laws against independent discoverers do seem wrong, though.|
|Bryan, What do you think about the viability of Bitcoin as money? If Bitcoin, or some crypto-currency, gets widely adopted as money what do you see as the most important economic ramifications?||It's done 10x better than I expected, but I still don't expect it to be more than a niche financial instrument. It's long been noted that people around the world continue using their national currencies even in the face of 20 or 30% inflation because national currencies are more convenient and focal. Also, I expect regulators to crack down if Bitcoin becomes much of a threat.|
|But hopefully I'm wrong!|
|Economists' consensus estimate is that open borders would roughly double world GDP, enough to virtually eliminate global poverty (Clemens 2011). What I can't understand is indifference to the mind-boggling potential benefits of immigration. The knowledge that we're sitting on an ocean of talent should haunt great minds day and night. They should pace around their offices telling themselves, "There's got to be a way to unlock these wasted trillions of dollars of human potential. There's just got to be a way." My question is: Are there other libertarian policies that would result in similarly-massive benefits as open borders if implemented? If so, what are they?||After open borders, the biggest policy change would be for Third World countries to fully open their doors to international investment. Work by van Reenen and many others shows that multinational corps in the 3rd World are vastly better-run than local firms. If multinationals could freely compete, they would quickly raise productivity. Back of the envelope calculate is that if all firms on earth were managed at multinational levels, global GDP would go up by 25-50%. Most of the benefit, of course, would be in the Third World.|
|Guess you should have asked "and if so, why?"!! ;)||When countries produce cheap stuff to sell us, it is good for us. And rich countries are very rarely militarily aggressive, at least once they've been rich for a full generation.|
|rich countries are very rarely militarily aggressive. Is the US a counterexample?||Not really. Most dominant powers throughout history have been far more aggressive. The U.S. today is scared to lose a few thousand soldiers. Why? Because rich people value their livess. Thankfully!|
|Hi Dr. Caplan. I think that many of your EconLog entries are very insightful. If you had to pick your favorite ones (say, top 5), which ones would they be?||"The Magic of Education," "Tough Luck," "The Common-Sense Case for Pacifism," "The Tiger Mother versus Cost-Benefit Analysis," and "Tell Me the Difference Between Jim Crow and Immigration Restrictions."|
|Hey Bryan, great admirer of yours! You once wrote me back on an email, which meant a lot. Thanks.||Cambodia. I'd love to see a great capitalist success overshadow the Communist horrors of the Killing Fields. Vegetarianism. He's sold, I'm not. I think I'd ask Noam to spell out what qualifies as "private tyranny." I think he tends to lump together everything from the conquistadors' mass murder to WalMart selling cheap stuff.|
|Which under-developed country would you like to see a charter city begin? - What do you Michael Huemer quarrel over? - How would you rebuttal Noam Chomsky’s statement on libertarianism forming unaccountable private tyranny?|
|Dr. Caplan - what do you think of the usual way welfare economics is taught? That is, do you think that Consumer and Producer surplus calculations for various regulations and policies are legitimate tools to compare policies? Do they rely on interpersonal utility comparisons, or can they successfully aggregate benefits across people?||Welfare economics is usually talk very poorly: constant equivocation between the Pareto standard and the cost-benefit (or Kaldor-Hicks) standards.|
|I see nothing wrong with looking at Consumer or Producer surplus, as long as you realize that this is just one of many metrics.|
|I have no problem with doing interpersonal welfare comparisons. I compare people's well-being every day. And if you can't compare one person's happiness to another's, why can you compare your own happiness today to your own happiness yesterday?|
|Many libertarians use welfare economics to try to short-circuit utilitarianism. I'd rather just criticize utilitarianism.|
|Does the signaling model of education ever depress you while you're prepping your classes?||Not at all. Students' apathy is a little depressing, but I always focus on the students who are happy to be in class.|
|What books have influenced you and your career?||Atlas Shrugged, For a New Liberty, Economic Sophisms, The Armchair Economist, The Bell Curve, The Myth of Democratic Failure, The Nurture Assumption, and Modern Times. Mike Huemer's been a massive influence on me, but mostly his articles, especially "Moral Objectivism."|
|Do you feel that the rise of China is beneficial to the interests of the United States?||YES!|
|With the drought in Southern California is it possible the state is over populated? Meaning we have to halt immigration into the south west?||No. Just raise the price of water!|
|Hey Bryan. Suppose your robust, non-reductive form of moral realism turned out to be false. What do you think is next most plausible metaethical position?||Mackie's view: That moral statements are genuine assertions, but they're all false because there are no moral facts.|
|But other topics - wasteful signaling in education, that good parenting takes less time than widely believed - can have effects on the margin. But open immigration won't happen until the median voter is okay with it, i.e. never, so working on it seems less fruitful than other topics. Open borders seems like one of the many nice things the world can't have, because it'll never be politically feasible. Do you think open immigration might actually happen, or is your work on the topic just driven by an intellectual impulse to defend a good, under-appreciated policy?||Open borders will come eventually - but only after the gains become small because national incomes aren't too far apart. Writing about parenting is nice because I really do see concrete improvements in the world. Several people tell me their children exist because I convinced them. I can't help think, "My words create LIFE!" For any public public issue - immigration, education, minimum wage, whatever, I see the odds of substantially changing policy as miniscule. But I think there's a small chance I ever-so-slightly tip policy in a better direction. Not satisfying, but it's all I've got.|
|Anyway, my question for you is this: Of the many issues brought up against immigration, you have given convincing counterarguments indicating that they, if not wrong, can at least be more humanely addressed than simply closing the border. One argument I hear often, but have not (to date) heard your thoughts on, is that immigrants commit more crime and thus should be kept out to keep crime from spiraling out of control. Is this true, and if it is, is there a more humane way to address it than simply keeping people out? PS: Any idea when your book on (or should I say against) education will be out?||Standard social science is that immigrants have LOWER crime rates than natives. Link to econlog.econlib.org There are some concerns about 2nd-generation Hispanic crime, but even that is only modestly above the native rate (by 20-40% or so). Bonding. You have to post some money to immigrate, to ensure that you can compensate any victims if you happen to commit a crime. Vouching. Only letting in people if someone here will vouch for their good character (and make themselves liable for your bad behavior, if any).|
|How do you write so much?? Do you have a regular routine in addition to all the work you do for George Mason?||I save a lot of time by blogging stuff I'm already thinking about or talking about at lunch.|
|If given the chance, is there anything you'd do differently if you could re-do the immigration IQ2 debate you were a part of last year?||Yes. I would have asked the host to pre-emptively admonish the audience NOT to vote yes unless they favor unlimited immigration from low-income countries like Haiti. That would have sharply depressed our initial Yes vote, allowing us to beat the point spread.|
|Also, in all honesty, I should have requested a different partner because Vivek didn't actually agree with the resolution. I don't blame him for losing, but it was distressing.|
|Do you believe that philosophy plays an important role in economics? For instance, you have promoted Michael Huemer's The Problem of Political Authority. Do the ethical arguments put forward by Huemer have any bearing on your work in or your views regarding economics?||Every economist who gives policy advise is implicitly relying on philosophy. Unfortunately, most economists want to rely on philosophy without really reflecting on it, so they're usually just crude utilitarians (with a heavy bias toward the status quo and democratic fundamentalism).|
|For my own part, I start with a strong presumption of liberty, but admit that we should override this presumption when the benefits of violating liberty heavily outweigh the costs. (See Link to econlog.econlib.org So economics ends up being a vital servant of political philosophy, but nothing more.|
|How do you reconcile anarcho-capitalism with the fact that successful market outcomes are almost always proceeded by a successful government enforcement of property rights?||But why does successful government enforcement come first? Largely because government is a monopoly. Whether it does a good or a bad job, it still bans competition. So the only places that have solid property rights have government-enforced rights.|
|So if it were possible to preserve that information and recreate a brain (whether made of cells as we know them, or some other substrate), wouldn't that preserve you? Similar to when you're unconscious, and some of the matter in your brain changes, but you're still you when you wake up?||An exact replica would be just that - a replica. I'd love to meet him, but he wouldn't be me.|
|Dr. Caplan, in MotRV, there were parts that came across as very critical of public choice. Did I misunderstand, or is there even a dichotomy between the questions of whether voters get what they want, or politicians and regulators get what they want?||I am very critical. Many public choice economists just aren't curious about public opinion. They'd rather just assume that voters want what they'd advise, then blame special interests for defying the will of the people. Not good science.|
|Hi Bryan. I listened to a lecture you gave at ISFLC last year and had a great time. I've referenced many of your essays whenever I've found myself in a political discussion with someone. I wanted to ask you something unrelated to politics, though :) What are some of your favorite bands?||At heart I'm a 18th & 19th-century German opera guy. Wagner's my #1, Bach's my #2. But by the normal definition of "bands," I'd say Bad Religion, Tsunami Bomb, tATu, P!nk, and No Doubt. I'm also a big fan of world music, especially the Rough Guide series.|
|Professor Caplan, do you feel that the libertarian movement's love affair with Austrian economics is doing a disservice to the goals it fights for? That is, that since the Austrian school is viewed with derision in mainstream circles, Libertarianism's other philosophical arguments are tainted by association?||Maybe. But Austrianism also inspires a lot of enthusiasm from the base, so it's hard to say. My main argument against Austrianism is that it's false, not that it's bad publicity.|
|Big fan here! A personal question: from your experience, how to make the best of a phD? What are the most important skills developed in your phD that turn out to be essential? I'm doing a master in economics and planning for a phD.Thank you!!!||Coursework is greatly overrated. Instead, focus on (a) finding research topics you're passionate about, and (b) meeting and impressing researchers who share your passion. Robin Hanson advises students to read to journals, then pick their favorite one or two topics. It's kind of like hanging out at the medical school, then marrying for love.|
|Stephen Earl Bennett and Jeffrey have critiqued your rational irrationality theory. They claim that in order for your theory to be more than just ignorance, you assume voters must know at some level that they are wrong. ...one cannot believe that a policy that one considers good on sociotropic grounds (and thus favors) is, in fact, sociotropically bad (such that one considers it to be an irrational “indulgence”). They accuse you of projecting your own irrationality on to voters. The critique is many pages and has many other criticisms. I find the criticism to be harsh and not very convincing. Have you responded to them?||Not that I recall. But since writing MRV, I've discovered more psychological work that makes my story even more intuitive. E.g. here: Link to econlog.econlib.org|
|Hey Mr. Caplan, Do you think Israel should open their borders?||Yes. But I wouldn't strongly object if they excluded people with violent criminal records or denied new-comers the vote. (Same goes for countries other than Israel, too).|
|Why did you decide to do an AMA during the Ham/Nye creationism debate when everyone's attention is on the insanity in Kentucky?||Probable path: As country's incomes converse, free migration will gradually cease to seem like a big deal. See the EU. Once two country's per capita GDP's are in the 2:1 zone, opening borders lead to little permanent migration but a lot of convenience. That can and has been sold to voters.|
|OK, that isn't my question. My question is do you see any possible path to a world with open borders? If so, what path?||Economically, this is a big let-down, because the biggest gains come when country's incomes are highly UNequal. But late is better than never.|
|How can free trade be beneficial to a countries job market? Free trade has historically fucked the Canadian job market. How is it different in the US?||Canadian unemployment has been low for a long time. It's been rich for a long time. Why is it so clear that free trade has been anything but good for Canada?|
|What arguments would you give against cynically manipulating the political system rather than trying to reform or undermine it?||In many cases, I think cynical manipulation is moral and wise. If you're filling out your income tax, I'd advise you to just game the system to pay as little as possible.|
|But when cynical manipulation involves treating other people unjustly, I advise against it. The argument? Nothing better than "You shouldn't act unjustly, this is unjust, so don't do it."|
|Do you have an idea what portion of economists are friendly towards immigration? (even if not total open borders) whats a good source for it? And who's the anti George Borjas? (besides you)||The vast majority of economists favor liberalization of immigration. See e.g. MRV for some numbers. Michael Clemens is the anti Borjas: Link to www.cgdev.org|
|Will you be at the ISFLC this year? Do you believe Bitcoin will stabilize and become a legitimate currency anytime soon? While it has the perceived value necessary of a currency, it's fluctuations prevent it from storing value, something necessary of a unit of exchange.||I will be at ISFLC on Sat. On Bitcoin, see prior question.|
|Is there still a viable argument for the minimum wage? To the best of my understand, Card and Kreuger has been thoroughly refuted by Neumark and Wascher; in fact, practically every one of the major papers that purports to show a zero or small positive effect of a higher min. wage has been replicated and refued by Neumark and Wascher. There is the work by Dube, Lester, and Reich. What do you think of that? I have heard it is relatively poor and easily refued. What do you think of the allegations of publication bias favoring "interesting" and consequently anti-status quo, pro-minimum wage papers?||Link to econlog.econlib.org|
|What advice would you give to parents, especially new ones?||For new parents: Ferberize your baby! Don't turn yourself into a zombie for two years because you won't let your baby cry for ten minutes. Also, safety-proof your home to the point where you don't have to watch your baby constantly.|
|General advice: Relax and ignore peer pressure.|
|Was the American Civil War mostly about slavery?||Yes, but in a weird way. Moderate Southerners correctly believed that slavery was safer in the Union that out. Southern secessionists, in contrast, falsely believe that Republicans had a serious intention to end slavery. In fact, Republicans were only willing to pay a modest cost to end slavery in a timely manner. (Lincoln even offered to support an amendment protecting slavery in perpetuity). By the time the South fell, the cost of ending slavery was temporarily very low, so Republicans seized the chance.|
|Hi Bryan, given your principled opposition to war, I was wondering if you consider the Falklands war to be a justified one?||No. I assume some innocent people were killed (or at least recklessly endangered) by the British response, and I don't see why British rule over the Falklands is vastly better than Argentine rule.|
|Thanks for joining us Dr. Caplan, great to see a fellow libertarian on here. You're an inspiration to us all. As a person with a loved family member who has high functioning Aspergers, I was curious where you identified on the autism spectrum?||I asked all my FB friends. About half say I'm not autistic at all, and half say I'm moderate. I'd split the difference.|
|Are you a vegan? Have you written or read anything persuasive either way on the subject of speciesism or animal rights?||No, I'm not a vegan. Veganism seems to imply that even stepping on bugs is wrong, and that seems crazy to me. Claims about which animals do/don't feel pain mostly strike me as wishful thinking.|
|Why aren’t you the world leading economist yet?||Part of the answer is that I'm not smart or hard-working enough. But the bigger reason is that the hoops you have to jump through to be the world's leading economist repel me. Most work in top journals just bores me. And even the good work usually makes me say, "I'm glad someone other than me is doing this research."|
|Why are open borders helpful for high wage natives?||High-wage natives have already borne the brunt of a lot of foreign competition. But truly open borders would bring in a lot of lower-skilled workers who produce the goods that high-wage natives consume.|
|What is your opinion on the calculation problem and the socialist calculation debate? Do large organizations become less effective at decision making because they don’t have market prices to provide needed information?||Pure socialist economies can't calculate. But I doubt this has been a big reason why socialist economies have historically done poorly. The main problem they've had is collectivization-spurred famines, which are all about incentives. See Link to econfaculty.gmu.edu at the subsequent exchanges in Critical Review.|
|What is the best practical (individual level, not public policy) way to promote pro-natalism? Aside from buying people your book, of course. (Hail from /natalism!)||Be the change you want to see in the world. Have fun with your kids, treat them with kindness and respect, and don't haze prospective parents with lurid tales of doom and gloom.|
|You've written that you're a moral intuitionist. Given that people have different intuitions, doesn't this collapse into relativism? If you have libertarian intuitions and someone else doesn't, what can you say to convince him if he bites the bullet and says that beating people up is acceptable if it's done to (for example) reduce inequality?||People have different intuitions about non-moral topics, too. E.g. the age of the universe. Does that mean there is no fact of the matter about how old the universe really is?|
|On any issue, moral or non-moral, the right response to conflicting intuitions is to repeatedly back up to less controversial questions until you find some common ground.|
|Do you have a written version of the arguments from your Rethinking the Night Watchman State lecture?||More or less: Link to econfaculty.gmu.edu|
|Why do you suppose the fine folks at An Anarchist FAQ have made such a concerted effort to rebut your Anarchist Theory FAQ? Do you think there will ever be a ceasefire among left- and right-anarchists?||I ceasefired a long time ago. Arguments between radically different viewpoints are usually fruitless. I'd rather talk to moderates than my polar opposites.|
|Given that we do not live in a pure service economy, do you think the conclusions from "Distributive Justice in A Pure Service Economy" are applicable to distributive justice in our world? Many moral theories can lead to gruesome conclusions in fantastical settings, is that a good reason to reject them?||Not exactly "applicable." But definitely illustrative. The point of the hypothetical is to show that the taxation=slavery view is more plausible than most people want to admit.|
|Do you have plans for adding to the Museum of Communism?||Probably not. At this stage in my career, I could imagine writing a book on Communism. But a web museum is more of a grad student project.|
|If a worthy student wanted to take up the project, I'd be happy to discuss it.|
|Relating to Selfish Reasons to Have More Kids, what is your view on peer effects?||Peer effects are probably over-rated, too. Sacerdote's Korean adoption study found, for example, that average income in adoptee's childhood zip code had little effect on their outcomes, too.|
|What have you changed your mind about recently?||Most recently, I've changed my mind about the probable consequences of fully legalizing IQ tests. I used to think the law was a huge barrier to strong pent-up demand. Now I think the law is mostly a paper tiger. Few firms want to hire on IQ, despite its demonstrable advantages. Even countries where IQ tests are fully legal barely use them for hiring.|
|What RPG games would you recommend to someone without any previous exposure to RPG games? What's the best group dynamic for a beginner to start?||I've tempted to say Pandemonium. It's very rules light, and has a great mechanic - past lives - for getting people to truly role-play.|
|I'm also of course a fan of my True20 House Rules. I can teach the rules to newbies in 10 minutes, yet they have high re-play value. Link to econfaculty.gmu.edu|
|Do you think investing in private companies that provide services that are traditionally provided by government is an effective strategy for bringing about anarcho-capitalism?||No, but it is an effective strategy for moving the world in an anarcho-capitalist direction.|
|Are there any contemporary thinkers that you admire? It doesn't just have to be in economics.||Mike Huemer, above all. But absolutely. The world is full of admirable thinkers. Some non-libertarian favs: Bill Dickens, Daniel Kahneman, Josh Barro.|
|I see you enjoy the book "The Myth of Democratic Failure".Why was it so influential to you?||Before I read it, I was largely an orthodox Public Choice guy. Wittman convinced me that orthodox Public Choice greatly overstated its claims - and led me to search out a lot of relevant empirics, too.|
|Vivek posted on your blog that he would agree to debate you on immigration. Is this debate going to happen?||News to me.|
|You know what they say. "Diversity is good, diversity is a strength, diversity is what makes the middle east so peaceful!"||The Middle East really could use a lot more diversity. One religion gives you totalitarianism. Two gives you civil strife. A hundred gives you peace. (With apologies to Voltaire).|
|Oh god. He better be at ISFLC! That'd be rad.||See you there. I'm bringing my 11-year-old sons.|
|I'd love to hear a bit about your approach to teaching graduate econ. In particular, I'm interested in your thoughts on the proper role of math in econ grad programs.||My first rule: I only teach math I plan to test. Otherwise, students suffer for no reason.|
|Big fan of your work in general, keep it up.||Overall, I try to expose grad students to standard mainstream stuff, give them some perspective on why it's overrated, then move to the research frontier.|
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