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Over the next year, the Bitcoin price could double, soar tenfold, or collapse by 95% or more, and no economic analysis can help predict where in that range it will lie. Like other cryptocurrencies, Bitcoin serves no useful economic purpose, though in macroeconomic terms, such currencies probably also do little harm.

Sen. Tammy Baldwin features arguments in questions to SEC nominees, pharmaceutical industry witness

Contrary to conventional wisdom, government stimulus can improve the health of the economy for years after, without inflationary side effects