Joshua Hendrickson
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DC’s GENIUS Plan: Use Stablecoins to Soak Up Its Own Debt
The GENIUS Act requires that stablecoin issuers hold their assets in cash, short-term US Treasury securities, or as balances at the Fed. That increased demand for debt will keep borrowing costs down.
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Inflation We Can Feel But Don’t Measure
“Regardless of whether one thinks that the CPI should include interest rates and/or asset prices, it seems clear that consumers factor in these costs when evaluating the cost of living.” ~Joshua R. Hendrickson
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•
DC’s GENIUS Plan: Use Stablecoins to Soak Up Its Own Debt
The GENIUS Act requires that stablecoin issuers hold their assets in cash, short-term US Treasury securities, or as balances at the Fed. That increased demand for debt will keep borrowing costs down.
-
•
Inflation We Can Feel But Don’t Measure
“Regardless of whether one thinks that the CPI should include interest rates and/or asset prices, it seems clear that consumers factor in these costs when evaluating the cost of living.” ~Joshua R. Hendrickson