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Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea

Former US Secretary of the Treasury Larry Summers said in an interview with Bloomberg that the idea of a national Bitcoin (BTC) reserve is “crazy. “ Summers said he understands the concept of other commodities’ reserves, such as oil and gold, but argued: “Of all the prices to support, why would the government choose to […] The post Former US Treasury Secretary calls Bitcoin reserve ‘crazy’ idea appeared first on CryptoSlate. дальше »

2024-12-8 23:45


AIM Summit Hosts Former U.S. Treasury Secretary to Discuss U.S. and Global Economy

Lawrence H. Summers, the renowned American economist who served as the 71st United States Secretary of Treasury from 1999-2001 under Bill Clinton, as well as the Director of the National Economic Council from 2009 to 2010 under Barack Obama, will be offering his insights into the global economy and financial markets during the 13th edition … Continued The post AIM Summit Hosts Former U. дальше »

2022-9-23 02:00


AOC’s ‘Grotesque’ Economic Plan is Just a Ripoff from Obama

Earlier this week, former Barack Obama adviser Larry Summers called Alexandria Ocasio-Cortez’s spending proposals “dangerous. ” Obama Adviser Summers: Ocasio-Cortez Plan ‘Dangerous’ for US Economy Summers, who was once the chief economist at the World Bank, told CNBC that advocating to run up the national debt – as Ocasio-Cortez and Bernie Sanders have – and let the Federal Reserve endlessly monetize the debt by “printing” more money to acquire Treasury securities is not a “realistic calculus. дальше »

2019-3-8 22:57