Jerome Powell’s Real Job

Posted On Mar 17, 2021 By Addison Wiggin

The cast of characters in today’s bubbles include a man who posts under the name “Deepf*cking Value”… a company called “Tether” that may have been lying about the cash backing its cryptocurrencies… and a person known only as MetaKovan, who paid $69.3 million for a digital picture from an artist who goes by Beeple. Speculative manias all start the same way, too — with ordinary people becoming convinced that they are seeing the dawn of a new era that will bring unimaginable riches and prosperity to all.

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