Michael Cowen

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The Future of the Web Looks a Lot Like the Bitcoin Blockchain

To most of the world, Joseph Lubin is a leading thinker in the ever-expanding realm of digital currencies. To me, he was the counterparty in my first …

Kid-Friendly Minecraft Server Launches Bitcoin Economy

A multi-player server on the wildly popular video game Minecraft has introduced bitcoin to its world as a way of teaching children about digital …

5 New Crises of Democratic Capitalism: Ideas on Solutions, Anyone?

It's now been almost four years since the Occupy Wall Street movement began. There has been much discussion of the so-called crisis of capitalism. But comparing today's situation with previous tough and volatile times, is there really a crisis?<p>After all, the 2008 recession has been tough, but …

Statism and the Illusion of Choice

<i>Power is not to be conquered, it is to be destroyed. It is tyrannical by nature, whether exercised by a king, a dictator or an elected president. The</i> …

Buddhist Economics: How to Start Prioritizing People Over Products and Creativity Over Consumption

Much has been said about the difference between money and wealth and how we, as individuals, can make more of the latter, but the divergence between the two is arguably even more important the larger scale of nations and the global economy. What does it really mean to create <i>wealth</i> for people — for …

The French are right: tear up public debt – most of it is illegitimate anyway

As history has shown, France is capable of the best and the worst, and often in short periods of time.<p>On the day following Marine Le Pen's Front National victory in the European elections, however, France made a decisive contribution to the reinvention of a radical politics for the 21st century. On …

Let's start a revolution - by axing our personal debt

How easy would it be for someone, individually and personally, to start a revolution? Actually, for many of us, it would be easier than you might think. This is how to do it: don't buy one thing you don't really need today. Certainly, don't buy it with borrowed money. Rinse and repeat tomorrow.<p>I …