If the American government can't stand behind the dollar, the world's benchmark currency, then the global financial system will very likely enter a new era in which there is much less trade and much less economic growth. It would be, by most accounts, the largest self-imposed financial disaster in history.
What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really don't trust their banks or their currency, and bitcoin is an alternative.
You cannot have the financial system crippled because of lack of decision making and lack of quality people.
As someone who understands what's needed for entrepreneurs and start-up companies to succeed, I can tell you there is nothing more integral to their success than operating in a stable financial system.
In order to properly measure the impacts of climate change on our Financial system they must first be identified and disclosed.
Our mission is to accelerate the development of a better financial system; it's not just development of a better Bitcoin financial system, and so we want to back the best teams, who have the biggest ideas, unique solutions to big problems.
The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.
Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules.
Banks and investors have poured money into dirty energy and high-carbon for decades. While no single policy is a magic bullet for the climate crisis, there is also no way of solving it that doesn't involve a fundamental reimagining of the role of our financial system.
