From Pine View Farm

The Crypto Con 0

Bloomberg columnist Allison Schrager muses on the implications of the crypto crash. A snippet (emphasis added):

My second worry is the blow to the credibility of the financial system. Instead of being more explicit about the true nature of the risk, the system has instead gone along with the idea that it’s possible to get something for nothing.

Barnum was wrong. There’s not one born every minute.

There’s one born every second.


Comments are closed.