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Brookings’ Klein on Stablecoin’s Downsides, CBDC Myths and More Fed Cowbell

Banking with Interest

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Stablecoins Could Be the Next Money Market Mutual Funds

The Federal Reserve and the Treasury Department seem addicted to bailing out money market mutual funds. I consider myself a very progressive, strong Democrat, but I think it's a small C conservative idea that investors should be able to lose money. Crypto has a much higher percentage of penetration among young and minority people.

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