Getting Ready to Blow: Market Valuations Are Crazy

Billy Wilder was a writer, director and producer of a number of motion pictures, 7 of which won Academy Awards. In one of his last interviews, addressing statements by others that he was past his prime said, “People say Billy Wilder is out of touch with the times. Who...

Stablecoins as the New Scrip: Winners and Losers

Last Wednesday Congress passed legislation permitting organizations such as Walmart and Amazon to issue their own stablecoins. The implication of this is that large retailers (and others) can in effect create their own exclusive currency. Such currency would only be...