Decentralized Finance (and What It Means for Regulators)

Just this month, Bitcoin and Ethereum—two of the most valuable cryptocurrencies—reached all-time highs in prices. The upsurge of cryptocurrencies in recent years has spurred on a new financial ecosystem—one built around blockchain, the same technology used by cryptocurrencies. Its users call it decentralized finance—DeFi for short—and it promises a financial system without traditional financial institutions,…

The World Is Full of Externalities: Here’s How Governments Solve Them

It’s easy to picture how someone’s personal interests can go against the social good. Just consider a noisy conversation in a library that makes it difficult for everyone to concentrate. Think about how secondhand smoke negatively impacts others—it doesn’t just affect the smoker. Even driving in congested areas isn’t particularly helpful to society since it…

Why English Spelling Is So Confusing

English spelling is a bit of a mess. Often, spelling a word seems unintuitive compared to its pronunciation. Why “Wednesday”? (What’s that first “d” doing in there?) Why “onomatopoeia” and not “onomatopia”? Why “ingenious” and “minuscule” instead of “ingenius” and “miniscule”? A Brief History There are seemingly endless examples of this sort of inconsistency between…

The Effective Reader

Perhaps one of the most important skills anyone can develop is effective reading. Whether it’s a novel or a news article, effective reading helps us get what we’re looking for from what we read. It allows us to become better-informed individuals or simply enjoy a piece of literature. An effective reader acquires insight into what…