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Not long ago, economists argued in public over basic economic policy issues. Foremost among the debates was the clash over equity and efficiency. Efficiency promotes economic growth and overall prosperity. Equity deals with how much of people’s income should be shifted to the less fortunate. Generally, more equity risks less efficiency, hence the so-called ...
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Grayscale Investments’s first-quarter revenue was flat after the issuer of the world’s largest cryptocurrency investment vehicle decided to hold the line on fees for its flagship Bitcoin exchange-traded fund. The operator of the Grayscale Bitcoin Trust had $156 million in revenue, little changed from the fourth quarter, according to a shareholder letter ...