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Financial Times/Gillian Tett/6-24-2021
“Human society, the historian Niall Ferguson says, oscillates between the dynamic of a metaphorical ‘tower’ and the ‘square.’”
USAGOLD note: Tett goes on to explain the clash of the two approaches with respect to cryptocurrencies in this fascinating piece of analysis. The most challenging headwind for bitcoin, et al (the square) is not how Elon Mush feels about it on any given day, but whether governments and central banks (the tower) are going to allow them to stand as a challenge to officially sanctioned money.
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