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The New Daily
The New Daily
Michael Pascoe

Michael Pascoe: Trillion-dollar government failure, Dopesick and an Istanbul taxi driver

The meteoric rise and fall of cryptocurrencies has embarrassed politicians and regulators, Michael Pascoe writes. Photo: Getty

The puff of dust just visible across the far valley beyond the ridges is the last sign of a trillion-dollar horse long bolted, the gate not just left open but held ajar by dopey politicians and regulators – or worse.

The aforementioned regulators can now be relied upon to sheepishly focus on their shoes while trying to avoid the issue of their uselessness.

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