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Comment by mvind

One point as a researcher working in a central bank and studying state-of-the art macroeconomic theory, is the absolute conviction that some crypto holders have that society is rotten to the core and that the financial industry (and for that matter the broader well established large cap economy) is a malfunctioning/rotten machine only benefiting the 1%.

I mean reading journals on monetary policy transmission, central banking, and finance in general, it is an extremely complex arena (understanding the global economy might be the most complex man made "game" to try to understand). And those researchers will readily admit faults and shortcomings of our current theories. I never ever see any statements from researchers that carries the same strength of conviction about any of the aforementioned topics compared to the crypto crowd, whatsoever.

Some perspective might lend itself useful.

parent mvind 5 years ago

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