A recent opinion piece in The Nation by TIME Business reporter Sam Gustin tells readers to “Be Afraid.” He’s warning them about cryptocurrency and Donald Trump.
In it, the author quotes Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz, saying: “There’s an enormous risk of self-dealing here.”
Economist’s Warning About Trump, Cryptocurrency
“The danger is not only conflicts of interest, but a mindset among Trump and his cronies in which they don’t even understand the concept of conflicts of interest,” Stiglitz said.
“The irony is that here you have a president who was elected on an allegedly ‘populist’ platform engaging in the most massive pro-billionaire, pro-wealth redistribution in US history.”
“The result, experts say, will be higher prices, reduced consumer protections, and deeper economic inequality in the United States,” Gustin writes.
But is that really true?
Is it true that cryptocurrency is transferring the most mas

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