But, Who Cares What Janet Yellen Says ...

 Given the newness of digital assets and their volatility, it seems unthinkable that investment managers would include them in retirement investments. But, as Bloomberg Law reports, that's what Fidelity Investments announced it would do with workplace retirement accounts it was managing. 

That was last April. The Department of Labor has opposed it. And US Treasury Secretary Janet Yellen went on record indicating that for the average investor crypto in a retirement account is highly risky. She also sees a role for Congress to regulate what kinds of assets are to be allowed in tax-favored retirement accounts.

Yellen makes sense. However, her brand has taken a bad ding. She admitted she had been wrong on inflation. And inflation is eating us alive. With no end in sight. So, she will probably be ignored on crypto. For insight on crypto as investment we are more apt to listen to Goldman Sachs. This is at a time, as the recent Pew Research poll found, that only two out of every 10 Americans trust government.

Yet government has such control over our money and everyday lives. This reality could explain why conservative ideology, which favors very limited government, can sound so persuasive. 

Connect with Editor-in-Chief Jane Genova at janegenova374@gmail.com. She helps businesses conjure up magic in their storytelling. One client said, "She makes shipping containers ‘sexy.’"

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