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Category: Kevin Drum

Meet the Latest in Cryptocurrency Technology

Looking for news you can trust?Subscribe to our free newsletters. I am, obviously, out of touch with the bold new world of cryptocurrencies. According to the Wall Street Journal today, the biggest initial coin offering of the year is for EOS, which, it turns out, is not a coin at all. It’s not clear if…

The Republican Tax Bill Will Send More Jobs Overseas

Looking for news you can trust?Subscribe to our free newsletters. Remember Donald Trump’s promise to keep American jobs in America? Of course you do. No longer will we tolerate American companies sending jobs offshore thanks to stupid tax laws and unfair competition. Not on Trump’s watch, anyway. Funny thing about that. According to the Washington…

Bitcoin Is a Lousy Form of Money

Jaap Arriens/NurPhoto via ZUMA Looking for news you can trust?Subscribe to our free newsletters. Is bitcoin a good replacement for money? This is a popular question these days, but it’s poorly framed. “Money” should be thought of more as an adjective than a noun. That is, certain things are more moneylike than others. A dollar…