Either the U.S. Leads on Crypto, or China Will

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Even casual viewers of cable news are familiar with commercials featuring actor William Devane – usually golfing or horseback riding – exhorting them to invest in precious metals. Lately, Devane has been joined in this pursuit by financial educator Robert Kiyosaki, creator of the "Rich Dad, Poor Dad" series. The prevalence of these ads should not be surprising. In these volatile times, the Trump administration has spent big and printed money. (The United States is not alone in borrowing and printing its way out of this pandemic.) There is no reason to expect different behavior under Joe Biden.



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