Cryptocurrencies like bitcoin have few fans in Washington, but thanks to increasing worries over the long-term stability of the dollar, they have piqued the interest of some major investors. In an era of rapid growth in deficits and debt and rising inflation, cryptocurrencies may be pointing us toward a new monetary order. Guest Avik Roy joins us to discuss why policymakers should take these currencies seriously — as both threats and opportunities.

Avik Roy is president of the Foundation for Research on Equal Opportunity.

This podcast discusses themes from Avik’s essay in the Fall 2021 issue of National Affairs, “Bitcoin and the U.S. Fiscal Reckoning.”