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A Response to Bloomberg’s Crypto Editorial

August 24, 2024
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I imply, to start with, politicians aren’t funding advisers and their phrases should not be handled as funding recommendation. However what does this “actual economic system” imply? Is a authorities bond a part of the actual economic system, if that cash goes to repay debt from authorities spending throughout, say, Covid? Is that actual? Is investing in Coca-Cola or Raytheon, investing in the actual economic system? Or are we actually simply investing in sugary drinks and missiles that do much more hurt to youngsters than Ethereum does? Did mortgage-backed securities, pumped by a cocktail of express and implicit authorities ensures and regulatory subsidies, “assist the actual economic system” within the early 2000s? Is not an actual “actual economic system” one which helps people and households to stay the lives they need, and would not crypto try this fairly ably?



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