Seriously folks, this is gettin’ real. Notion Collective: “A sustained … increase in Treasury rates would eventually cost U.S. taxpayers an additional $75 billion each year.” — Matthew E. Zames, a managing director at JPMorgan Chase and the chairman of the Treasury Borrowing Advisory Committee. It’s starting to look like the debt ceiling might actually not get raised. If you really want to understand the potential consequences, learn more here and then do something about it.

Seriously folks, this is gettin’ real.

Notion Collective:

“A sustained … increase in Treasury rates would eventually cost U.S. taxpayers an additional $75 billion each year.”

— Matthew E. Zames, a managing director at JPMorgan Chase and the chairman of the Treasury Borrowing Advisory Committee.

It’s starting to look like the debt ceiling might actually not get raised. If you really want to understand the potential consequences, learn more here and then do something about it.

Reblogged from notioncollective, 3 notes, July 29, 2011

BitCoin is an exciting idea — a distributed, self-regulating open-source currency. But what would it take for people to trust it with their life savings?

Check out Russ Roberts’ interview with BitCoin’s Gavin Anderson on EconTalk (iTunes link) for more background.

Notes, May 20, 2011

"You see, if you don’t take money, they can’t tell you what to do, kid. … Money’s the cheapest thing. Liberty, freedom is the most expensive."

NYT fashion photographer Bill Cunningham. 

2 notes, April 7, 2011

Million Dollar Babies — interview with dolla artist Mark Wagner.

Million Dollar Babies — interview with dolla artist Mark Wagner.

0 notes, April 7, 2009

How I Helped Build the Bomb That Blew Up Wall Street

How I Helped Build the Bomb That Blew Up Wall Street

Notes, March 31, 2009