A puzzle has been sorted out.
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The Syriac engraving on the medieval tombstone was tantalizing: “This is the tomb of the believer Sanmaq. [He] died of pestilence.” Sanmaq, who was buried in 1338 near Lake Issyk Kul in what is now northern Kyrgyzstan, was one of many victims of the unnamed plague. By scrutinizing field notes and more photos from the Russian team that had excavated the graves in the 1880s, historian Philip Slavin found that at least 118 people from Sanmaq’s Central Asian trading community died in the epidemic.
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a tip of the hat to Sukie
not an inflation hedge
Paul Krugman on cryptocurrencies.
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Recently the legendary short-seller Jim Chanos gave Bloomberg a wide-ranging interview in which, speaking of cryptocurrency, he pointed out that “a lot of the concepts behind its adoption early on have proven to basically be, you know, not there or wanting. You know, it was going to be a replacement currency. Well, no, it’s not. Well, it’s going to be a diversifying asset. Well, no, it hasn’t been.” And now we know it isn’t an inflation hedge either.
Chanos went on to call crypto a “predatory junkyard.” Well, I wouldn’t go that far. Actually, on second thought, I would.
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07:30 in Current Affairs, General Commentary | Permalink | Comments (0)