Ben McKenzie
π€ SpeakerAppearances Over Time
Podcast Appearances
To me, because they're trading on the trust that people have in the stability of the dollar, it's a counterfeit dollar.
It's not a real dollar.
And...
If we continue to allow that to exist, and worse, we allow it to infiltrate our banking system, which is what this legislation threatens to do, to sort of allow stablecoin companies to become their own banks, it mixes the fake money with the real money.
And that introduces enormous systemic risk.
And at the end of the day, this could crash again, as crypto has done repeatedly over its brief, tortured history.
And we could end up bailing these guys out.
Like we did in subprime crisis, which is hilarious because, of course, that was the thing that crypto was supposedly set up to be against.
No.
But I do think there's a slight silver lining, which is it points out the myriad failures of our current system.
And hopefully, as crazy as Trump is, perhaps he's shifted the Overton window of what's possible on the other side.
I want to do a lot of different things, but I want to keep going here because this is probably the best chance to reach the widest number of people.
I mean, I love writing a book.
It was fantastic.
I learned a lot, especially from Jacob, and I'm very proud of that book.
But just practically speaking, there's only so many people that are going to read a 300-page book on economics.
and a lot more people are gonna see a movie.
And so I'm really pushing that, and I really wanna keep that conversation going.
As to what happens after that, I really don't know.
I'm not someone who wants to run for office, so that's not really a thing that wants to... You don't want to, but you might.