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: one assumes the crash-prone economy they gave birth to as a result posed no ethical hazards!
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@slightlylate that's inaccurate: while mild, business cycle recessions were more frequent before the Fed, they've been deeper & longer since -
@csuwildcat commodity prices fell *in half* in some cases in 1857: http://academiccommons.columbia.edu/download/fedora_content/download/ac:136823/CONTENT/S0022050700040122.pdf … - 1 more reply
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