Crypto enthusiasts used to have a catchphrase in response to the doubters: “Have fun staying poor.” Their message: Go ahead, invest in your boring stocks and bonds while we get rich with Bitcoin, ...

The next crisis will challenge European sovereign debts. That crisis may be bigger than even the ECB can handle without chaotic defaults, financial meltdown, or sharp inflation.

Get research-driven insights from Klaus Masuch at Chicago Booth Review.