What’s Crypto Good For? Corruption, Exploitation, and Billions for Insiders
As with the subprime lending crisis, crypto appears to be more of an example of predatory inclusion than enhancing financial access.
Another "green shoot" that has brown splotches all over it: the latest report of higher consumer spending for June appears to be the result of higher prices for basic goods like food and energy, rather than any newfound desire of consumers to part with their dwindling stash of greenbacks.
From the NYTimes:
Higher Costs Spur Rise in U.S. Consumer Spending