A whopper of a post on why crypto fiat is not what it seems. TL;DR — there is an economic cost in expanding the central bank balance sheet to everyone, which is what crypto fiat is really all about.
Any legislative measures offering regulatory and tax relief to green bonds demand clearer rules on what constitute such assets if gaming is to be avoided. But such measures will also enrich the nascent green industry.
Random variation in American financial supervision reveals important insights into the dangers of “forbearance”.
An American central banker should know better.