Monday, June 20, 2022
The Crypto Crash: all Ponzi schemes topple eventually | Robert Reich | The Guardian
…If we should have learned anything from the crashes of 1929 and 2008, it's that regulation of financial markets is essential. Otherwise, they turn into Ponzi schemes that eventually leave small investors with nothing and destabilize the entire economy.
It's time for the Biden administration and Congress to regulate crypto...
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