When Illusions of Wealth Shape the Economy: Understanding Pseudo-Wealth, Macroeconomic Volatility, and Social Welfare

nakedcapitalism.com/2025/05/when-illusions-of-wealth-shape-the-economy-understanding-pseudo-wealth-macroeconomic-volatility-and-social-welfare.html

Yves here. This readable article demonstrates that pseudo-wealh, as in “pseudo assets”\not representing tangible economic resources, notably crypto, harm the collective good. Mind you, this discussion comes to that conclusion without mentioning the elephant in the room, that the use…

This story appeared on nakedcapitalism.com, 2025-05-15 05:00:57.
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