I’m halfway through Easy Money: Cryptocurrency, Casino Capitalism, and the Golden Age of Fraud, by actor Ben McKenzie, B.S. Economics, and journalist Jacob Silverman. It’s one of the new books covered in MIT Technology Review.
https://www.technologyreview.com/2023/08/23/1077693/crypto-foul-play/
CNBC has been breathlessly covering the crypto action since it started, almost invariably with a positive spin. In this short segment there’s an attempt to discredit McKenzie’s view that cryptocurrency is a scam. Which is funny, considering all of the investment nonsense that entertainer Jim Cramer spouts on CNBC. Nobel Prize economist Paul Krugman also sees no valid economic use for crypto currency.
Speaking of economics degrees, the Federal Reserve Bank of Richmond checks on the popularity of the major in colleges.
https://www.richmondfed.org/publications/research/econ_focus/2022/q3_profession