In the coming crisis, the Fed is not likely to be in good hands.
cryptocurrency
Posted inMoney, Politics, and Power
Wall Street Strikes Back
The crypto industry found out that they can buy a lot, but they can’t buy all the power away from the big banks.
Posted inMoney, Politics, and Power
Sean Patrick Maloney’s Vanishing Ethics Pledge
The former member of Congress and DCCC chair is now the head of the Coalition for Prediction Markets, an organization funded by the exact crypto firms he promised not to work for.
Posted inMoney, Politics, and Power
Ransomware Recovery Firms Share in the Hacking Spoils
Incident response firms negotiate with hackers while also processing payments to them, leading to potential betrayals of their clients’ trust.
Posted inMoney, Politics, and Power
Another Biden Financial Regulator Spins Through the Revolving Door
Michael Hsu, former OCC head, has joined a VC firm backing crypto and fintech companies.
Posted inEconomic Policy
Pick Your Financial Crash
What are the risks of a financial crash in the coming year? Let us count the ways.
Posted inBooks
Artifice in the Age of Artificial Intelligence
To understand the tech mindset is to see that the ultimate goal is domination. Silicon Valley elites apply a different standard to themselves because, quite simply, they believe that they deserve a different set of rules and expectations.
Posted inMoney, Politics, and Power
Crypto Bros Want to Create Micro Landlords
You might expect crypto enthusiasts to look down their noses at landlording as an antiquated way to earn a fortune, not worth their time when they are busy democratizing money. But in finance, everything old is new again. “Fractional ownership” of “tokenized real estate,” the latest crypto scheme, works like this: a company sells investors […]
Posted inVideos
The Prospect Weekly Roundup: Crypto Party in Cowboy Country
David and staff writer Whitney Curry Wimbish talk about how crypto bought Congress and how Wyoming is becoming the crypto capital.
Posted inLaw and Justice
Donald Trump, the Crown Prince of Crime
While the president howls about crime in liberal cities, he is taking drastic action to make it worse everywhere.
