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America is undeniably richer and more powerful than Europe. Some Europeans sneer that comes with costs (in quality of life, inequality or environmental damage) which they simply wouldn’t put up with. Maybe. But as the new kid turns 250, the two sides can learn from each other without having to
import each other’s flaws.
Stablecoins—privately issued digital currencies that maintain their value against another asset—have been getting lots of attention recently. They promise to make payments slicker and financial intermediation more competitive. But are they money? Their issuers will surely say yes; banks (and most economists)
will probably disagree.
Think you’re a clever-clogs? Try
this week’s news quiz
and see. | 
