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In the context of cryptocurrencies, “cost basis” refers to the initial outlay paid for digital assets. It is an important consideration when calculating capital gains or losses from the sale or disposal of cryptocurrencies. The capital gains or losses on an investor’s crypto sale are calculated as the selling price minus the cost basis. To avoid tax ...
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post: FED'S WILLIAMS: INFLATION CONTINUES TO MOVE LOWER post: FED'S WILLIAMS: NO COMMENT ON INTEREST RATE OUTLOOKConnecting Theory and Practice Good afternoon. It's wonderful to be back at Stanford—especially with John Taylor chairing this panel. John was my advisor during my studies here, and he hired me as his research assistant in the early '90s. It was an extraordinary privilege to have those two most wanted positions. Based on some of my past speeches, you may expect me to give a few pop culture references from the '90s that capture my time at Stanford before I move on to the substance of my remarks. But the truth is, I was so focused on my studies that there wasn't time to rollerblade, listen to R.E.M., or go to the arcade just for fun. Instead, like many in this room, I chose to forsake fun for the study of economics. As a result, I am simply useless when it comes to '90s trivia. What brought me to Stanford back then was a sense of purpose. Growing up in the '70s and '80s, I witnessed the toll that economic turmoil, high inflation, and slow growth took on families. By the time I arrived at Stanford in the fall of 198