Economics


Policy

We Are Already Living in a Post-Scarcity World

More and more of what we consume has an effectively infinite supply, says EY’s blockchain leader.

(Joseph Barrientos/Unsplash)

Markets

Stand-Off Over $28T of US Government Debt Could Rattle Bitcoin Market

The American government has never defaulted on its debts, but congressional gridlock over raising the debt ceiling is making investors question what would happen if it did.

Janet Yellen, U.S. Treasury secretary, speaks during an interview at the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, U.S., on Tuesday, Sept. 28, 2021. Yellen today warned that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the federal debt limit, putting pressure on lawmakers to avert a default on U.S. obligations. Photographer: Amanda Andrade-Rhoades/Bloomberg via Getty Images

Markets

Market Wrap: Bitcoin Drifts Lower as Altcoins Outperform

Bitcoin buyers appear to be exhausted, while altcoins such as Avalanche’s AVAX rally.

Bitcoin 24-hour chart (CoinDesk)

Markets

US Misses Expectations in August Jobs Report, Pushing Bitcoin to 3-Month High

The U.S. only added 235,000 jobs, falling well short of the 725,000 projection.

LOS ANGELES, CALIFORNIA - JUNE 23: A 'Now hiring' sign is displayed at a FedEx location on June 23, 2021 in Los Angeles, California. Nearly 650,000 retail workers gave notice in April, the biggest one-month worker exodus in the retail industry in more than 20 years, amid a strengthening job market.  (Photo by Mario Tama/Getty Images)

Markets

How $33B Robinhood Ended Up Being Worth Less Than Coinbase

The stock-trading app will debut in a fast-cooling market, costing it millions in cash and billions in market cap, says our columnist.

It's not just bulls and bears - equities are ruled by the shifting moods of the entire zoo.

Markets

US Consumer Prices Rise Faster Than Expected in May

The Consumer Price Index is important to bitcoin investors who are watching for signs of inflation.


Markets

Nobody Saw Inflation Coming in the 1960s, but It Could Be Back: Economist

Very few of today's bond portfolio managers and traders can remember the last inflation shock, but that does not make a new shock less likely.


Markets

Record-Breaking $1.9T Relief Bill Passes US House, Heads to Biden’s Desk

The measure may contribute to temporary inflation during the summer, economists say.

congress

Markets

Fed 'Not Yet Ready to Blink' on Inflation, Pantheon Says

Bitcoin traders may be out of luck if they're expecting the Fed to further ease monetary policy as bond yields rise.

Federal Reserve Chair Jerome Powell

Markets

Crypto Long & Short: Bitcoin Is More Than a Hedge Against Inflation – It's a Hedge Against 'Crazy'

For many, bitcoin is hedge against inflation. But it's also a safety play for a world where old ideas about economics are up in the air.

Argentina has one of the world's highest inflation rates.