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.
An economist at the Wharton School just released a study looking at the ancillary individual and community benefits that supposedly come with homeownership: greater happiness, more civic participation, etc. etc. Her research basically finds no support for these benefits. Here’s a brief excerpt:
From Grace W. Bucchianeri, “The American Dream or The American Delusion? The Private and External Benefits of Homeownership.”