Milton Friedman on Gambling

CARD DEALER: Cards are coming out now, high wager players saying they have… (poker chips clicking, background conversation) FRIEDMAN: When the evening started, all of these players had about the same number of chips in front of them. But, as the play progressed they surely didn’t, some won, some lost. By the end of the […]

Bitcoin: How Cryptocurrencies Work

Say there’s a coin that’s currently worth hundreds of U.S. dollars, but it’s not made of gold, or platinum, or any precious metal. In fact, it’s not the kind of coin you can hold in your hand or stick in a piggy bank. It’s a digital currency, which means it only exists electronically. I’m talking […]

POKEMON IN REAL LIFE!

(Jigglypuff) ♪ Jigglypuff, Jiggly– ♪ (Ian) Shut up! (Ash) I can’t believe I’m finally a Pokémon trainer! I’m gonna catch ’em all and nothing is gonna stand in my way! Hey, what the hell is this guy doing? Oh, that guy? He’s just waiting to fight ya! What? I don’t wanna fight him! Well, do […]

Fed Quantitative Easing: $60 Billion per Month

Welcome, welcome to One Minute Crypto! I’m your host, Chronos, and today, the US Federal Reserve Bank announced a new asset purchase program, starting next week. Although they refuse to call the activity “Quantitative Easing,” it has same net effect on the market. This plan will bring newly-created dollars from the central bank into the […]

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