TweetHere’s a letter to the Wall Street Journal. Editor: Greg Ip’s argument that cryptocurrencies, being privately issued, will fail as money relies heavily on his historical claim that privately issued bank notes in the 19th-century United States failed as money (“Stablecoins Are Private Money. That’s Why They’re a Risk to the Economy.” May 25). Mr.…
On Private Money
On Private Money
28 May 2026 Leave a comment
in applied price theory, economic history, financial economics, history of economic thought, macroeconomics, monetary economics
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