The Federal Reserve is piling up unrealized losses on its $4.1 trillion bond portfolio, raising questions about its finances at a politically dicey moment for the independent central bank.

Tyler Cowen recently linked to a debate between Stanford professor Katie Haun and Paul Krugman on cryptocurrency. I found myself torn but I did learn a few things and noticed a few interesting things. It starts with a 36-minute presentation by Haun. Then there’s a 25-minute presentation by Krugman and then a third 39-minute video with Q&A with the audience in Mexico City.

For some seven decades, entitlement programs have grown almost continuously—and yet, even now, it may not be too late to bring them under control. Adapted from Hoover fellow John F. Cogan’s Hayek Prize lecture.