Stablecoins: Crypto Kryptonite
Despite being called a currency, crypto lacks one of the most important characteristics that a currency (money) should have—a stable value.
Despite fastballs and double plays, major league baseball games are longer than they used to be. An average game that might have taken two and a half hours in 1978 (when this cartoon first appeared in Radical America magazine) takes around three hours today. Fortunately, players are now compensated fairly for the extra work—the average salary, about $100,000 in 1978, is over $2 million today. The wealthier players once again own their own bats, free and clear.
