Markets are over-financialized, over-speculated, and bloated. Beyond WallStreetBets and Robinhood, that’s the real issue.
cryptocurrency
Posted inCabinet Watch
Deregulatory Trump Official Praises His Potential Successor
Brian Brooks, who ran the OCC under Trump, believes Michael Barr shares his vision on cryptocurrencies.
Posted inMoney, Politics, and Power
Elon Musk Pumped Dogecoin Into a 50 Percent Gain. Who Cashed In?
If a single tweet can wildly move prices, maybe there’s a problem with our financial markets.
Posted inCabinet Watch
Fintech Loves This Rumored Biden Nominee
A leading contender to run the Office of the Comptroller of the Currency, Michael Barr, has a particular cheering section among the shadiest of online financial operators.
Posted inMoney, Politics, and Power
Daily Meme: The Collapse of Bitcoin, the Online Currency You Never Fully Understood
Yesterday, Mt. Gox, the world’s largest trading platform for bitcoins-the virtual currency that started circulating online in 2009-suddenly went blank. Bitcoin prices crashed. Bitcoin enthusiasts insisted that this was merely a minor hiccup on the currency’s path to world domination. For those of us who are not immersed in this confusing online culture, the collapse […]