THE DEBTORS PRISON WITH ALAN JOHNSON

The Debtors Prison With Alan Johnson

The GENIUS Act, requiring stablecoins to be backed by U.S. Treasuries, follows the same funding model as the National Bank Acts, and it has the same limitations as a funding model. Stablecoins can bolster the market for U.S. debt, but they won’t tame the voracious interest monster that is consuming the federal budget. When we […]

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