2min chapter

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch cover image

20VC: Larry Summers on How to Manage Inflation; Should We Increase Rates Even Higher, Why We Need To Change The US Tax System, Why Europe is a Museum, China is a Jail and Bitcoin is an Experiment & How a Trump Win Would Hurt the US Economy

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

CHAPTER

The Future of Cryptocurrency

The way inflation hits the poorest parts of society is to not manage it. The most important thing we can do for the poor is to make sure that we are effectively managing inflation, Larry says. What's the best use case for crypto? Probably to facilitate contracting between party to don't know each other and trust each other through devices like blockchain. When the objective is the circumvention of legitimate government regulation or tax obligations, that's where I become more skeptical about the world of crypto.

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