The Evening Rocket: Robin Hood
At the start of 2021, Elon Musk briefly became the richest man in the world. The global pandemic was a boom time for American billionaires, many of whom saw their wealth rise even as much of the world was locked down. Musk started tweeting about Dogecoin - a cryptocurrency started as a joke, based on a meme about a dog - even dubbing himself ’The Dogefather’. Although Musk’s tweets looked ironic, jokey, irreverent, they seemed to be having a very real and destabilizing effect on financial markets.