This month Congress passed the GENIUS Act, an acronym for the “Guiding and Establishing National Innovation for U.S. Stablecoins of 2025.” Designed to regulate stablecoins, a category of crypt…| WEB OF DEBT BLOG
And will it ever come to America?| paulkrugman.substack.com
Stablecoins are crypto assets whose value is pegged to that of a fiat currency, usually the U.S. dollar. In our first Liberty Street Economics post, we described the rapid growth of stablecoins, the different types of stablecoin arrangements, and the May 2022 run on TerraUSD, the fourth largest stablecoin at the time. In a subsequent post, we estimated the impact of large declines in the price of bitcoin on cumulative net flows into stablecoins and showed the existence of flight-to-safety dyn...| Liberty Street Economics
The most recent CBO projections confirm once again that America’s fiscal outlook is on an unsustainable path — increasingly driven by higher interest costs.| Peterson Foundation
An API is a set of rules or protocols that enables software applications to communicate with each other to exchange data, features and functionality.| www.ibm.com
Fixing our monetary and banking system requires more than tweaks to an obsolete system. This book proposes an overhaul of the monetary system itself—a rethinking of what money is and how it enters the economy. Yet, implementing this level of systemic change, history shows, is not as radical as it sounds. This book looks at how our banking system really works, the inherent contradictions in the model, and why regulation has not worked to fix them. It then explores some new developments and p...| TheNextSystem.org
Check out @FiscalService Fiscal Data’s new national debt page! #NationalDebt| fiscaldata.treasury.gov
