Friday, September 19, 2025

The Crypto Threat

How Can We Account for Crypto? By Tim Congdon
https://www.project-syndicate.org/onpoint/how-to-measure-value-created-by-cryptocurrecies-by-tim-congdon-2025-09
National income accounting has always been complicated by what happens in the underground and informal economies. Cryptocurrencies compound the problem, fueling money laundering and other illicit activities – and underscoring the need for more realistic measures of economic activity.