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Stablecoin crash?

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Manage episode 504760576 series 3475482
Content provided by Richard Murphy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Murphy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Stablecoins are being sold as safe, secure cryptocurrencies. In reality, they are shadow banking in disguise – with the same risks that nearly destroyed the global economy in 2008. Nobel Prize–winning economist Jean Tirole is worried, and so am I. If these private tokens collapse, the public will pick up the bill. It’s time to call stablecoins what they are: a threat to financial stability and democracy.

  continue reading

311 episodes

Artwork
iconShare
 
Manage episode 504760576 series 3475482
Content provided by Richard Murphy. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Richard Murphy or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Stablecoins are being sold as safe, secure cryptocurrencies. In reality, they are shadow banking in disguise – with the same risks that nearly destroyed the global economy in 2008. Nobel Prize–winning economist Jean Tirole is worried, and so am I. If these private tokens collapse, the public will pick up the bill. It’s time to call stablecoins what they are: a threat to financial stability and democracy.

  continue reading

311 episodes

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