basically just been sold a bill of goods. they have. the lies are both big and small. the first lies start with language, but they do get bigger. robert schiller, the nobel prize winning economist has talked about how economic narratives form. they re stories in response to real things. the creation of crypto is a response, supposedly, to the subprime crisis. the huge debacle that created a lot of understandable mistrust of our financial institutions has given cryptocurrency the story a lot of its power. everyone knows we have big problems in this country, a lot of problems with our regulated financial system. crypto says, oh, we can fix all that. we can bank the unbanked, build generational wealth, it s the future of money, it s this, it s this, it s this. unfortunately the problem is that all of those stories are not true. none of them are true.
Language
Lies
Goods
Bill
Nobel-prize-winning-economist
Robert-schiller
Things
Stories
Crypto
Response
Debacle
Creation