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.

How Can We Account for Crypto?
https://www.project-syndicate.org/onpoint/how-to-measure-value-created-by-cryptocurrecies-by-tim-congdon-2025-09

#GetRobbed #CryptoIsBullshit #CrooksLoveCrypto #CryptoFools #TrumpLovesCrypto #USPol

How Can We Account for Crypto?

Tim Congdon highlights the challenges facing statisticians as opaque transactions erode trust in official data.

Project Syndicate