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Even though there were many reasons to be skeptical of cryptocurrency schemes, the idea of the strange genius doing amazing things was too good to pass up.
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Sam Bankman-Fried's rise and fall shows how we live now: we tweet instead of read.
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Many investors forget that when it's easy to make money, even people who aren't very good at money can make themselves look like real geniuses.
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The arrogance and lack of skill of business giants is an old story. But the risk has grown because digital technology is so easy to scale up.
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A lot of attention has been paid to Ben Bernanke's Nobel, but the theories of banking by Douglas Diamond and Philip Dybvig, who also won a Nobel, also need to be looked at again.
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Home prices can't keep going up like they have in the past few years without the central bank continuing to give out easy money, and this is clear.
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Nubank said Wednesday it will launch the token, called Nucoin, in the first half of 2023.
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What happens when banks lend money? It depends the lending process itself. If lending comes about because of an expansion of credit, then it creates problems.
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In reality, CBDCs are just a way for the government to protect its privileged position and keep a tighter grip on people's money.
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A British food bank that had planned to close on Monday for Queen Elizabeth II's funeral has changed its mind and will stay open.
Even though there were many reasons to be skeptical of cryptocurrency schemes, the idea of the strange genius doing amazing things was too good to pass up.
