Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: IRS

Why Cryptocurrencies Don’t Work as Currencies

I’ve been surprised lately by the number of people who have brought up or asked me about Bitcoin and other cryptocurrencies. It’s moved me to take a minute to point out why many economists and political economists don’t get excited about them.

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The IRS Tea Party Muddle

If you just read the news headlines today, you’d think that the IRS was the second coming of COINTELPRO. The IRS is targeting the Tea Party and other conservative, right-wing political organisations, they say. For the average citizens, this reads as though your average citizen’s political views were somehow known to the IRS, as if the IRS was going after registered republicans or members of right wing political groups individually. This is not the case. As Ezra Klein (who is really on his game lately, by the way) points out, what actually happened is quite a bit more mundane than all that.

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