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RE: The Federal Reserve is Clueless About Crypto

in #steemleo • 6 years ago (edited)

Very interesting piece of writing. I am quietly thinking that they must be working on their own digital currency, they really couldn’t be so beholden to their ways that they can’t see the future about to run them down in the crosswalk.
But time will tell.

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6 years ago in #steemleo by
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     6 years ago 

    Never underestimate the power of the present to blind you to the future. See Kodak.

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       6 years ago 

      Wow! That’s a good point and a sobering thought.

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         6 years ago 

        Yeah, seignorage (exorbitant privilege) is an insanely cool benefit that the USD enjoys for no other reason than the fact that the US won WWII 74 years ago.

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