Crypto-Currency Meltdown Is a Lesson on the Nature of Money and Wealth
The latest meltdown in the crypto-currency market is one more example of the frenetic intemperance of an economy that values profits over wealth. The FTX crypto-currency exchange failed when spooked investors tried to withdraw $8 billion from their accounts. A classic bank run that followed threw the underfunded exchange into bankruptcy. The FTX Crypto fiasco … Read more
