A Response to Bloomberg’s Crypto Editorial

Blockonomics is a decentralized and permissionless bitcoin payment solution
Fiverr



I mean, first of all, politicians aren’t investment advisers and their words shouldn’t be treated as investment advice. But what does this “real economy” mean? Is a government bond part of the real economy, if that money is going to pay off debt from government spending during, say, Covid? Is that real? Is investing in Coca-Cola or Raytheon, investing in the real economy? Or are we really just investing in sugary drinks and missiles that do a lot more harm to kids than Ethereum does? Did mortgage-backed securities, pumped by a cocktail of explicit and implicit government guarantees and regulatory subsidies, “support the real economy” in the early 2000s? Isn’t a real “real economy” one that supports individuals and families to live the lives they want, and doesn’t crypto do that quite ably?



Source link

Coinmama

Be the first to comment

Leave a Reply

Your email address will not be published.


*