Stop me if you've heard this one before: a virtual-currency "bank" was really a pyramid scheme... http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/the-popular-online-wallet-dogevault-is-offline-large-amounts-of-dogecoin-appear-to-have-been-stolen/ …
@csuwildcat : anti-monetarism is an *astonishing* position from the perspective of academic economics.
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@slightlylate not at all - Jefferson, Madison, and most of the Framers rightly cited monetarism and central banking as a disastrous course. -
@csuwildcat: one assumes the crash-prone economy they gave birth to as a result posed no ethical hazards! - 3 more replies
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@slightlylate "The central bank is the most deadly hostility existing against the Principles and form of our Constitution" - Jefferson -
@csuwildcat: I await his DGSE model with sticky prices that shows it to be so!
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