December 29, 2020
Cryptocurrency Is Not Necessarily the Future
Crypto assets can be either useful hedges or useful forms of payment — but not both.
Tyler Cowen suggests that cryptocurrencies might be the new precious metals, making up a small proportion of corporate balance sheets but not turing the world upside-down as some enthusiasts have predicted. Read more at Bloomberg.
A Challenge for the Fed: Some Overnight Rates Are Falling Below Zero
Christopher Russo