Ursula Le Guin has died

by Henry on January 23, 2018

She was a wonderful, vexing, intelligent writer, and great humanist. I was lucky enough to be able to tell her once how much her work had meant to me (via email – we had been talking about doing a Crooked Timber symposium, which she decided in the end she didn’t have sufficient time to commit to). There are a very few books that I’m simply not able to talk about coherently, since they’ve shaped me so deeply that I can’t think straight about them. The Left Hand of Darkness and The Dispossessed are among them.

Bitcoin’s zero-sum game

by John Quiggin on January 23, 2018

That’s the title of my latest piece in Inside Story. Nothing that will surprise anyone who’s been paying attention to what I’ve written on this, so I’ll just cite the conclusion

Since bitcoins are not useful as a medium of exchange, or desirable in themselves, their true value is zero. The highest price at which bitcoins have traded is around $20,000. At the time of writing, the market price is halfway between that level and zero. Pay your money (or not) and take your chances.