Commentary U.S. financial authorities regard cryptocurrencies as a capital flight threat to the weakening greenback—unlike dollar-denominated stocks and bonds. Today, 16 million Americans have obtained online crypto tokens—a wildly popular capital flight escape hatch from the incredible shrinking dollar. That so many investors are converting their weak dollars into cryptocurrencies is a major worry for the U.S. Treasury Department—especially now that inflation has gained a solid foothold. New statistics point to the formation of a 1970s-type wage-price spiral—a screaming red flag that chairman Jerome Powell’s Federal Reserve has lost control of U.S. price stability. It’s no small wonder that cryptocurrency technology has captivated the investing public. It permits person-to-person financial transactions that are private and secure. Crypto transactions are unlike all other assets in that they are made completely independent of politically controlled entities such as banks and brokers.  Even more important, cryptocurrency transactions happen out of sight of the …