Peter St. Onge

Peter St. Onge

Peter St. Onge is an assistant professor at Taiwan's Fengjia University College of Business. He blogs at Profits of Chaos.

Articles by Peter St. Onge

Critics Claim Bitcoin Is a Threat to the Environment. They’re Wrong.

One popular critique of bitcoin is energy cost per transaction. This doesn’t begin to capture bitcoin’s massive energy savings compared to fiat currency. Bitcoin’s cost per transaction is well known, and often critiqued; one article in Wired magazine called bitcoin “[a] big middle finger to earth’s climate.” This is because bitcoin’s security, redundancy, and architecture are more energy intensive than traditional payments relying on a single point of failure.

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The Fed Has Gone Nuts. And It Can Get Worse.

With its $700 billion bond-buying expansion in response to the COVID crisis, the Federal Reserve has thrust itself into the limelight. Like a sixteen-year-old with a credit card, the Fed is salivating over what money-printing powers it shall seize next. How is the prudent investor to respond?

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