Banks Are Toast but Crypto Has Lost Its Soul

In becoming a high-risk, high-yield playground for dollar investors, the cryptocurrency world sold out, says our columnist.

Mr. Powell, If You Want Higher Inflation, Give People Money

The Federal Reserve wants a little more inflation to keep the economy buoyant. That's hard to achieve when Main Street is so under water.

Why Bitcoin-Like Scarcity Would Be a Disaster for the Dollar

Calls to restrict the Fed's money printing powers fail to recognize the likely consequences, including price instability.

‘Money Printer Go Brrr’ Is How the Dollar Retains Reserve Status

Forecasts of the dollar's demise are premature. Demand for greenbacks has never been stronger, says our columnist.

How a Fatal Weakness Forced Libra to Capitulate

While Bitcoin created an alternative financial system independent of government, Libra’s architecture depends on the existing fiat currency system – and on the whims of the governments that control it.

Bitcoin’s Halving Is Nothing Like Quantitative Tightening

The halving could both increase the rate at which bitcoin’s price rises and bring forward the point at which it crashes, says our columnist.

The Stablecoin Surge Is Built on Smoke and Mirrors

Are stablecoins fully backed by reserves? Are they FDIC-insured? Stablecoins may be too good to be true, says our columnist.

How to Get Money to People in an Emergency, Fast

How do you get emergency dollars to Americans fast? You use smartphones, not checks and bank accounts.

How Central Banks Could Use Digital Cash to Deliver Universal Basic Income

Central banks are well placed to deliver regular, no-questions-asked monthly payments to everyone, and to manage any ensuing inflation.