A Tempest in a Teapot?
The Fallout from the Crypto Catastrophe
Adam Tooze has dismissed the crypto catastrophe as “a minor blip” with no “systemic” consequences.
The FTX crypto blowup is spectacular and will generate pages of excellent financial journalism, but at $30 billion it is a minor blip in the broader scheme of things and the damage is largely confined to investors who though they may be prominent in the me…
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