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Paul Krugman reveals a troubling truth: cryptocurrency is entwined with DC corruption. In "Digital Corruption Takes Over DC," he critiques the GENIUS Act's potential to legitimize stablecoins, which, despite initial innovation, now enable gambling and shady dealings. Krugman warns of the risks they pose, likening their rise to the unregulated banks of the past that could trigger financial crises. Explore his insights on a Washington influenced by financial interests. Read more: paulkrugman.substack.com/p/dig #Cryptocurrency #Corruption #Stablecoins #FinancialStability #PaulKrugman

Paul Krugman · Digital Corruption Takes Over DCAv Paul Krugman

Breaking economy totally Trump has called 4 #termination of #FederalReserve Chairman #JeromePowell in a dispute over #interestrates, cutting across the political independence of US #centralbank. The Federal Reserve's decision-making is supposed to be free [not any more] from #political interference so it can make calls it believes are right for country and the economy rather than in the interests of presidents or lawmakers. #economy #financialsystem #financialstability newsweek.com/trump-demands-ter

Newsweek · Trump Demands 'Termination' of Fed's Jerome PowellAv Shane Croucher

#Republican strategist Stuart Stevens, senior advisor for the Lincoln Project, is arguing that monied interests and economic giants #BigTech #WallStreet #bankers #billionaires are complicit in ruining the nation as they blindly follow a president determined to sink markets in both the United States and around the world. #economy #financialstability #risk #economics #Trump #maga #wealth #money #power #politics #fear #complicit #collusion #democracy #congress alternet.org/ceos-trump-polici

Alternet.org · 'Basic betrayal': CEOs terrified of Trump retaliation won’t speak out against policiesAv Adam Lynch