We are, just now, stuck between eras. The old order -- the Reagan-age institutions built on the premise that the market can do no wrong and the government no right -- is dying. A new order, in which Wall Street plays a diminished role and Washington a larger one, is aborning, but the process is painful and protracted.
How Futures Trading Changed Bitcoin Prices - How Futures Trading Changed Bitcoin Prices Galina Hale, Arvind Krishnamurthy, Marianna Kudlyak, and Patrick Shultz FRBSF Economic Letter, May 7, 2018 ...
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