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Prospect Weekend Reads
Week of January 9th
Stories from the week you don't want to miss!

JONATHAN RAA/NURPHOTO VIA AP

Keeping crypto out of the broader financial system was the most
important regulatory action of the past decade.

Regulators Prevented a Crypto-Fueled Economic Downturn
<[link removed]>:
Congress may try to act to rein in the crypto industry, but the most
important regulation has already been accomplished - preventing the
economy from a crypto-fueled recession. David Dayen has the story.

The Risks of the Biden Escalation
<[link removed]>:
Shocks to production have reshuffled the position of American workers in
global affairs, but in an age of multipolarity, the U.S. should be wary
of acting like a hyperpower. Read Lee Harris on the downsides of the
Biden administration's approach to foreign policy.

Learning the Right Lessons From Recent Inflation
<[link removed]>:
According to conventional wisdom, inflation is a consequence of
macroeconomic overheating, and the cure requires reining in spending.
But policy solutions proposing austerity, Josh Bivens argues, will cause
more harm than good.

The End of the Student Loan System
<[link removed]>:
The Biden administration's proposed rules on the income-driven repayment
system could end student loans as we know them. Read David Dayen on why
it's not enough to tackle the exorbitant costs of higher education.

Et Tu, Jared Polis?
<[link removed]>:
There are better responses to the influx of migrants than busing
migrants, like increased communication between states and cities, or
connecting those who need it with local nonprofit groups that provide
short-term shelter and assist after the intake process.  Gabrielle
Gurley has the story.

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