"In order for something to be used as ubiquitous money, the spender has to already have it, and the recipient has to want to...
"Residents withdrew over 1.6 trillion rubles, or $19.7 billion in January, desperately turning to cash amid increased state controls." As governments push CBDCs to...
"Since 2017, bitcoin has been Stone Ridge’s treasury reserve asset because of my extreme aversion to risk. We run net short USD – which...