The New Monetary Economics is underway, legislation allowing

Walmart & Amazon are looking into issuing their own stablecoins—cutting out banks, cards, and slow settlement. If laws like the Genius Act clear, we might be on the cusp of merchant-issued money. Are you ready for a world where checkout includes “Pay with WalmartCoin/AmazonCoin”?

Here is the tweet, here is the WSJ article. Here is my podcast with Alex on the new monetary economics. Note the tagline “What if the most radical ideas about money weren’t wrong—just early?”