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The First Government Crypto Was a Fiasco
Ever since the invention of cryptocurrency, people have asked whether governments will just create their own to compete directly with private issuance. Many governments have talked about doing so. In the greatest of ironies, it was Venezuela (socialist “paradise” of hunger, poverty, and massive emigration) that has made the most public attempt with the pre-sale of a new token called the Petro. It was a fiasco.
READ MOREWhy Ketchup in Mexico Tastes So Good
What is the source of this fixation on putting some variation of corn in everything we make and eat? From an economics perspective, it stems from two main sources.
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