Front page of The Wall Street Journal on Monday: ‘FTX Founder Can’t Explain Lost Billions’. And here’s the front-page follow-up yesterday: ‘FTX Founder Arrested in the Bahamas’. Losing a US$10 bill happens from time to time. Even hundreds of dollars can be misplaced, mislaid, or simply forgotten. But losing billions takes a special kind of nonchalance. Like […]
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A Casino for Lunatics
It’s ‘inflate or die’ time. Either the Fed continues to let the cheap money pervert the economy…or its monstrosity must die.