Thanks to monetary policy, business cycles are far less volatile today than they were in the 19th century, when we had huge swings. But if cryptocurrency takes over the way its proponents would like, we could return to the ups and downs of the pre-monetary policy era.

Despite being a perpetrator, Holmes began with a noble objective: to create a technology that would benefit society. We're well aware that her venture veered off course, but her initial intention was rooted in altruism. Perhaps the adage 'fake it 'til you make it' took on a life of its own in her case.

I don't think there is anything about putting your country first that requires you to turn your back on the rest of the world. If anything, the opposite is true.

In my view, all the big existential risks are anthropogenic, arising out of human activity. More specifically, the biggest existential risks in this century arise out of anticipated future technological advances. Humanity has survived all kinds of natural hazards over a period of over one hundred thousand years; it seems unlikely, then, that any natural hazard would do us in within the next hundred.

the share of the population in the top tercile is negatively associated with crime. When crime increases twofold the share of the rich tercile drops by 1.3%. In addition, we see that the share of the population in the poorest tercile increases with crime