The New York Sun/Staff/11-17-2022
“The best story so far on the collapse of FTX, at least in our view, is A.R. Hoffman’s dispatch in the Sun that marks the drama as a feature of our national experiment in fiat money. After all, if America had a sound currency, one anchored in the classical monetary specie of gold or silver, we wouldn’t have so many young geniuses out there hawking crypto coins and tokens as units of account and mediums of exchange.”
USAGOLD note: Thought-provoking editorial connecting printing press money to the crypto fiasco……… Also interesting to know that former Speaker of the House, Paul Ryan is pushing a “new plan to avoid a debt and currency crisis” – not the sort of concern addressed by the typical Washington politician.
