Dario Perkins of Lombard St Research got me thinking about whether Bitcoin - or some other digital cryptocurrency - would obviate the need for or possibility for a lender of last resort. Without implicating him in any bad thinking here, what follows came out of our conversation.
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Bitcoin and the lender of last resort…
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Dario Perkins of Lombard St Research got me thinking about whether Bitcoin - or some other digital cryptocurrency - would obviate the need for or possibility for a lender of last resort. Without implicating him in any bad thinking here, what follows came out of our conversation.