Headline is CarrZee opinion, and below
Mainstream media is normalising crypto assets as if they are benign. They aren’t.
They are either a ponzi scheme because there is no limit on supply, or, in the case of so-called stable coins, they are inflationary (if backed up with newly printed USD for instance — they sneakily increase money supply…which means the same volume of real assets are being chased by more money, pushing up asset prices. This helps the rich, hurts the poor.)
FT buried the lead on the weekend
