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Cryptocurrencies and the political economy of money
Are cryptocurrencies viable as money? What is the economic function of “shitcoins” and “stablecoins”? And how can we understand the political economy of cryptocurrency and its implications for global finance, state sovereignty, and the international system? At a time when the U.S. government has floated the idea of a Strategic Bitcoin Reserve, and tech oligarchs question the viability of the sovereign state in the age of blockchains, there is a need for some clear and analytical thinking on the political economy implications of cryptocurrency. We have a new working paper that addresses these questions, ... (full story)