a large crypto lender for institutions called #BlockFills has apparently blown up levered long - sorry, i mean "temporarily halted withdrawals"
maybe a good time to remember last year when the chairman of #IBKR said a 35% drawdown in bitcoin prices would cause at least a few traditional brokerages to collapse (bitcoin is down almost 50%)
#crypto #bitcoin #cryptocurrency #finance #stockmarket #economics #econ #susquehanna
The fallacy at the heart of welfare economics
https://davidellerman.substack.com/p/the-petitio-principii-fallacy-in
#Economics #EconTwitter #Econ #PoliticalEconomy #WelfareEconomics #Philosophy #Ethics #Utilitarianism #Utilitarian #Consequentialism #Consequentialist #capitalism #Egalitarianism #Egalitarian #Inequality