Niall Ferguson: 50 years after going off gold, the dollar must go for crypto
For the historian, the time for change is now. After Richard Nixon scrapped the dollar’s convertibility into gold half a century ago, the US currency’s exorbitant privilege only grew. Why? Perhaps, because the US embraced innovation, not regulation. Here, Niall Ferguson argues that if the dollar wants to remain a dominant force, it needs to embrace cryptocurrencies and back off the trend of anti-crypto legislation.