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What the 2022 Crypto Year Revealed and How Humanity Failed Again

An introspective look into the industry, finding the successes which function as guideposts for the future despite all the failures.

December 16, 2022

This episode is sponsored by Roofstock onChain.

What went wrong? How could companies valued in the tens of billions of dollars a few months ago suddenly be worthless? Was everything that came before FTX a mirage? Is it nothing but a shell game? A Ponzi scheme?

What let us down wasn't a technology failure; it was a human one.

On this episode of “Money Reimagined,” hosts Michael Casey and Sheila Warren speak with

Simon Johnson,  the Ronald A. Kurtz Professor of Entrepreneurship at the MIT Sloan School of Management, and Tyler Cowen, a professor of economics at George Mason University, about what this year's crypto effect means for the future.

Simon is the author of five books, including his latest, co-written with Daron Acemoglu, “Power and Progress: Our 1,000-Year Struggle over Technology and Prosperity,” which will be published in May.

Tyler Cowen has 16 books written to his credit; his latest is “Talent: How to Identify Energizers, Creatives, and Winners Around the World.

This episode was produced and edited by Michele Musso with announcements by Adam B. Levine and our executive producer, Jared Schwartz. Our theme song is “Shepard.”