The bombshell release of the Pandora Papers provided, in staggering scope, a picture of the world’s rich and powerful using their exclusive access to shady if vaguely legal obfuscation schemes to evade taxes and perpetuate humanity’s gaping inequality.
The blow to public trust this could foment in the institutions of the legacy financial system – along with credibility issues at the U.S. Federal Reserve following revelations of unseemly stock trading by top Fed policymakers – is the topic this week of both our newsletter column and the “Money Reimagined” podcast. The question: Does it create opportunities for the alternative system posed by crypto developers?
For the podcast episode, Sheila Warren and I bring in Michael S. Derby, a reporter at The Wall Street Journal who broke some of the stories on Fed officials' equity trading, and Maya Zehavi, a crypto entrepreneur known for her sharp insights into regulation and the future of money.
Alejandro O. Asharabed Trucido
+54911 5665 60608
Buenos Aires, November 11, 2021
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