Economy

"Galt is not alone in his thinking over the OCR with BNZ head of research Stephen Toplis saying things had changed dramatically. "

Public Policy

"The question to ask of a tax system is whether people can keep living under it without concluding the whole arrangement is rigged. "

by Natalia Albert

Mihir Desai

bitcoin magical thinking

The crypto collapse and the end of the magical thinking that infected capitalism

Mihir Desai says the end of magical thinking is upon us as cryptocurrencies and valuations collapse, and that is good news. Although resisted, rising rates and a return to more routine business cycles will provide the rude awakening that began in 2022

18th Jan 23, 3:38pm

by Guest

Mihir Desai says the end of magical thinking is upon us as cryptocurrencies and valuations collapse, and that is good news. Although resisted, rising rates and a return to more routine business cycles will provide the rude awakening that began in 2022