Cryptocurrencies and decentralized finance (DeFi)
"DeFi applications might have the potential to democratize finance by creating a level playing field among providers of financial products ... "
"DeFi applications might have the potential to democratize finance by creating a level playing field among providers of financial products ... "
"Europe and the US ... currently pay Russia upward of $1 billion per day for oil and natural gas. ...Such payments fund an evil war machine …"
"As the conflict continues, the daily flow of cash has remained about the same. "
Gary Gensler, is coming to the job with an ambitious agenda that includes taking a hard look at how to regulate digital currencies.
"I am most proud of co-founding FLI@Sloan – MIT Sloan's first affinity club focused on socioeconomic inclusion."
Daron Acemoglu's youth in Turkey produced early lessons on the inextricable link between economics and politics.
"...panics are really often the consequences, rather than the fundamental cause, of troubles that have already built up in the banking system..."
"...relief checks were distributed very broadly...to communities of color and that has been associated with this spur of new business formation.”
As decentralized finance projects eliminate the need for financial intermediaries, regulators may need to fundamentally rethink their approach.
Adam Au (SF '20) writes: "With tamper-resistant ownership made possible by the NFT technology, digital art can now be sold for real value."