Episode Details

On this episode of The Time of Monsters, Jacob Silverman on why it’s hard to regulate the high tech ponzi economics.

Over the last few years, crypto-currency has emerged as a political powerhouse, thanks to tens of billions in campaign donations. As Jacob Silverman reports in a recent feature in The Nation, “crypto, despite being a relative flop commercially, has infiltrated American politics.” This is most bluntly obvious in Donald Trump, who has become a crypto king in corrupt schemes that have enriched him and his family in billions of dollars. But almost as corrupt are the members of congress, of both parties, reluctant to regulate crypto. I talked to Jacob about the dangers crypto poses to the American economy and to American democracy.