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Public Makes Trillions on Plunging Crypto

Article Dean Baker’s Beat the Press

Public Makes Trillions on Plunging Crypto

Falling crypto prices reduce speculative demand and leave more real resources for the broader public.

By Dean Baker

Gold and silver Bitcoin coins rest on U.S. hundred-dollar bills, featuring Benjamin Franklin. The image contrasts traditional and digital currencies.
“Crypto” Is Silicon Valley Speak for Waste, Fraud, and Abuse

Article Dean Baker’s Beat the Press

“Crypto” Is Silicon Valley Speak for Waste, Fraud, and Abuse

Congress, fueled by massive crypto industry donations, is pushing legislation that will legitimize and expand cryptocurrency use, a move likely to increase financial sector bloat and future bailout risks with little public benefit.

By Dean Baker

Gold and silver Bitcoin coins rest on U.S. hundred-dollar bills, featuring Benjamin Franklin. The image contrasts traditional and digital currencies.
Crypto and Deficits

Article Dean Baker’s Beat the Press

Crypto and Deficits

A bipartisan-backed crypto bill boosts a wasteful industry that, like large deficits, risks inflation by channeling money into unproductive hands.

By Dean Baker

Close-up of various cryptocurrency coins, with Ethereum prominently featured in the center, surrounded by Bitcoin and Litecoin coins, conveying a digital finance theme.
Crypto: The Rich and the Criminal Get Richer

Article Expose the Heist: Power and Policy in Unprecedented Times

Crypto: The Rich and the Criminal Get Richer

While the Trump administration boosts (and profits from) the crypto industry, it’s clear that the whole crypto game is tilted toward funneling money up toward the richer players.

By Algernon Austin

A circle of gold bitcoins arranged together, reflecting light against a dark background, showcasing their metallic shine. The coins have various inscriptions and symbols visible on their surfaces.
Elon Musk and the DOGE Boys Clown Show

Article Dean Baker’s Beat the Press

Elon Musk and the DOGE Boys Clown Show

Perhaps it’s time to rename Elon Musk’s DOGE to DOGI (Department of Government Incompetence).

By Dean Baker

President Donald Trump hosts an expanded bilateral meeting and working lunch with King Abdullah II of Jordan and his son, Crown Prince Hussein bin Abdullah, Tuesday, February 11, 2025, in the Cabinet Room of the White House. (Official White House Photo by Daniel Torok)
Elon Musk’s Buddy Tangos with Crypto Scam

Article Dean Baker’s Beat the Press

Elon Musk’s Buddy Tangos with Crypto Scam

Argentina’s President Javier Milei is at the center of a crypto scam scandal — but Donald Trump has done essentially the same thing here.

By Dean Baker

Javier Milei at VIVA 24