The stage is set for central banks seeking to pull the rug from under Libra by issuing their own digital currencies.
Cryptocurrencies could lead to significant losses in tax revenue, write Richard Holden and Anup Malani.
The odds are that we get through 2018 without war, mass capital flight, or a housing crash. But all the risks are medium probability, warns Richard Holden, and the consequences could be dire.
