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In this issue

Can bitcoin or other cryptocurrencies replace government-issued monies? To do so, they must overcome several obstacles, including the lack of financial intermediaries whose liabilities are denominated in cryptocurrencies and circulate as media of exchange. Also in this issue: How tenement reform made the urban-housing problem worse. How 19th century trade restrictions led to the War on Drugs. Cuba after the Castro brothers. Regime uncertainty and the Great Recession. Tools for cutting back government regulation. Why the standard economic model survives bad performance. Plus reviews of books on: Why the Olympics and World Cup create economic disasters for host cities. Why ‘happiness’ research shouldn’t guide public policy. The Austrian School of Economics. An alternative history of American charity. The forgotten depression of 1921. Occupational regulation. US alliances with authoritarian regimes. Debt and the entitlement crisis.

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