Posted inFinance

History is littered with failed new currencies — crypto may be next

The confusion and commotion over cryptocurrency often reminds me of the 19th-century German drama Faust. In Goethe’s masterpiece, the devil Mephistopheles offers an emperor the tantalizing vision of limitless wealth through the printing of paper money. The emperor grasps the idea (unheard of at the time the play is set), and the magical wealth that […]

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