> What they hope for, in other words, is a handout for crypto holders—or, from the point of view of non-crypto-holding Americans, a misbegotten government backstop for purely speculative assets.
Replace this with those who borrowed money for expensive degrees of specious value and the bondholders who will be repaid at par.
History does not repeat itself, but it does rhyme.
This take horrifies me. Furthering personal knowledge is not even in the same class as driving money on machines calculating random hashes for the sole purpose of proving they are calculating random hashes.
I believe strongly in the power of education, an educated populace that is able to deeply hone it's craft and practice it's interest is the path to prosperity.
I recoil at the kind of outlook you need to have to believe what this post seems to believe.
Replace this with those who borrowed money for expensive degrees of specious value and the bondholders who will be repaid at par.
History does not repeat itself, but it does rhyme.