Bitcoin is Not like Gold
Bitcoin has a uniqueness problem – Bitcoin has lots and lots of unique features and advantages that you can read about. However, I find one particular risk that you can drive a truck through. Compared to US Dollar (or Euro, Pound, any national currency) which by definition can have only one of each – and therefore […]
The Stimulus Backlash
It appears that one very significant problem that the Administration and the Federal Reserve created, a frightening spike in unemployment, is the result of a massive miscalculation about how the staggering borrowing by the government would play out.
The Fed endorsed a policy of record borrowing under the theory that we were at risk of a […]
