This is an excellent piece. Please read.
"If we’re going to issue debt to buy super speculative assets that have no use today, have never had a use, but some evangelists claim will solve all of our society’s problems, why stop at crypto? How about a strategic Powerball ticket reserve?"
"If we’re going to issue debt to buy super speculative assets that have no use today, have never had a use, but some evangelists claim will solve all of our society’s problems, why stop at crypto? How about a strategic Powerball ticket reserve?"
Comments
Just as "investing" the Social Security Trust Fund in the Stock Market, which would inflate asset valuations in the short run, then stock valuations would "correct" and wipe out the safety net for millions of people.
Oh, did I say "if"?
Dumb
Ridiculous
which also have no inherent value
The trick is to convince others that it will have value in the future
Steer Clear of anything Trump!