Tether tells us more about the flaws inherent in fiat currencies than it does about cryptos. Tether could be viewed as a microcosmic example of the USD being played out in fast-forward.
I’ve been hearing the phrase “Everything Bubble” come up more often lately. This isn’t a new phrase, Graham Summers was among the first to coin it in his 2017 book “The Everything Bubble: The Endgame for Central Bank Policy”: “The Everything Bubble chronicles the creation and evolution of the US financial system, starting with the […]
There, I said it. With all due respect to the people arguing this one way or the other – many of whom are super intelligent. This is a self-defeating argument that can only be resolved via an act of faith.
This is the second instalment of The Jackpot Chronicles: Four Possible Post-Coronavirus Scenarios. Force Majeure means: a chance occurrence or superior force that renders a contract unenforceable and frees all parties from their obligations under it. We are frequently told that there exists some manner of “Social Contract” to which we are implicitly bound by […]