The Wharton business school celebrates capitalism and American exceptionalism. Wide-eyed and bushy-tailed students from across the globe drink the Kool-Aid as professors extol the benefits of free-market capitalism...
Great article and broadly under-covered by most crypto/macro commentators. Thanks Arthur.
Would be interesting to hear your views on how you feel the US and/or EU governments will deal with such easily transportable 'outside' money given that they've started allowing key orgs like the ECB and the Federal Reserve Bank of Minneapolis to publish docs that literally say the quiet bit out loud: "A legal prohibition against bitcoin can restore the unique implementation of permanent primary deficits"... Outside money is totally incompatible with permanent primary deficits once the population is aware of the exits.
Great article and broadly under-covered by most crypto/macro commentators. Thanks Arthur.
Would be interesting to hear your views on how you feel the US and/or EU governments will deal with such easily transportable 'outside' money given that they've started allowing key orgs like the ECB and the Federal Reserve Bank of Minneapolis to publish docs that literally say the quiet bit out loud: "A legal prohibition against bitcoin can restore the unique implementation of permanent primary deficits"... Outside money is totally incompatible with permanent primary deficits once the population is aware of the exits.
let's gooooo
BASED
Your articles are something that I eagerly look forward to.
Excellent macro update and the crypto scene in China.
Besides using BTC to protect their savings, would the Chinese also consider gold or stable coins?
Great insight
Hey Arthur,
what do think about L2 on Bitcoin,
if this real will be help for more valuation Bitcoin ecosystem?