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Warren watch: Why Buffett says cryptocurrencies aren’t a ‘buy’ for average person

Dec 24, 2017
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originally published in Omaha World-Herald
From Omaha World-Herald:

But R. J. Lehmann, a senior fellow with the R Street Institute, which calls itself a free-market think tank embracing President Ronald Reagan’s philosophies, wrote that the measure is “a protectionist measure that serves the interests of certain large domestic companies by discouraging foreign-based competitors from devoting their capital to U.S. risks.

“It also is simply bad policy, in that it would tend to concentrate U.S. risks within the United States, rather than allowing the global reinsurance system to spread them throughout the globe,” Lehmann wrote.

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