hero image
William Luther, Ph.D. - Florida Atlantic University. Boca Raton, FL, US

William Luther, Ph.D. William Luther, Ph.D.

Assistant Professor | Florida Atlantic University

Boca Raton, FL, UNITED STATES

Expertise is in monetary economics and alternative currencies, including Bitcoin.

Spotlight

Multimedia

Publications:

Documents:

Photos:

loading image loading image

Videos:

Capitalism, Socialism, & Open Borders w/ Bryan Caplan, PhD - Economics Professor, Author, & Blogger

Audio:

Social

Biography

Will Luther, Ph.D., comes to FAU as an experienced assistant professor, having previously been at Kenyon College. His expertise is in monetary economics and alternative currencies, including Bitcoin. He is also the director of the Sound Money Project at the American Institute for Economic Research, and an adjunct scholar with the Cato Institute’s Center for Monetary and Financial Alternatives in Washington D.C.

The author of more than two dozen articles, he has published in such leading journals as "Economic Inquiry," "Journal of Economic Behavior and Organization," "Contemporary Economic Policy," "Journal of Private Enterprise," "Public Choice," and others. His work also has appeared in leading news outlets in the popular press, including "The Economist," "Forbes," and "U.S. News & World Report."

Will earned his Ph.D. from George Mason University.

Areas of Expertise (5)

Unemployment

Economics

Bitcoin

Monetary Economics

Alternative Currencies

Education (3)

George Mason University: Ph.D., Economics 2012

Capital University: B.A., Economics 2008

George Mason University: M.A., Economics 2011

Selected Media Appearances (3)

Stock up on hurricane supplies during sales tax holiday

South Florida Sun Sentinel  online

2020-05-19

“If people are more prepared, it will result in less devastating disasters,” said William Luther, a professor of economics at FAU. “It will limit the extent to which the state will need to provide assistance.” Luther estimates people may make a more conscious effort to shop for these items during this year’s tax holiday, given economic conditions as a result of global shutdowns.

view more

Florida throws open its doors — and holds its breath

Politico  online

2020-05-18

According to new research from Florida Atlantic University economics professor William Luther, DeSantis can only take so much credit for Florida’s relatively good condition. Using Google Mobility, Luther found that local governments, business owners and citizens began social distancing before the DeSantis issued orders March and April. Roughly three-quarters of the change in residential, retail, recreation, workplace and public transportation activity preceded orders by states to shelter in place.

view more

Venezuela Puts the Crypt in Cryptocurrency

Wall Street journal  online

2020-02-02

Venezuelan dictator Nicolás Maduro is again unleashing armies of inspectors across the country to enforce price controls as a means of controlling hyperinflation, the Venezuelan newspaper Tal Cual reported last week.

view more

Selected Articles (5)

Cross-Country Differences in Personal Protection Equipment Use AIER Sound Money Project Working Paper

2020 Why does the use of personal protection equipment (PPE) differ across countries? I develop a simple model and then offer several hypotheses. While the primary objective is to explain cross-country differences, the model suggests potential reasons for within-country and time-series variation, as well.

view more

Is Bitcoin a Decentralized Payment Mechanism? AIER Sound Money Project Working Paper

2020 We make a distinction between centralized, decentralized, and distributed payment mechanisms. A centralized payment mechanism processes a transaction using a trusted third party. A decentralized payment mechanism processes a transaction between the parties to the transaction.

view more

Is bitcoin money? And what that means The Quarterly Review of Economics and Finance

2019 In a recent article, Yermack (2015) argues that bitcoin is not money because it functions poorly as a medium of exchange, unit of account, and store of value. We offer a more conventional view. We maintain that the standard approach classifies an item as money if and only if it functions as a commonly-accepted medium of exchange.

view more

Regulatory ambiguity in the market for bitcoin The Review of Austrian Economics

2020 The standard economic approach to considering the effects of a policy tends to neglect the prospect of regulatory ambiguity. I describe four sources of regulatory ambiguity and survey the literature considering the effects of ambiguity on entrepreneurial activity. I also explain how jurisdictional redundancy, where multiple agencies regulate the same action or industry, increases the likelihood of regulatory ambiguity.

view more

Adaptation and central banking Public Choice

2019 What or who governs central bank decisions? Most considerations focus on motivations. Instead, we consider the extent to which specific behaviors have adaptive value in the context of central banking. From that perspective, poor decisions are not the product of poor motivations.

view more