FTX--A Classic American Scam, By J.L. Reiter

According to the “nation’s report card,” only 15% of 8th graders are proficient in American history. That makes it ever more likely that, in the epigram of philosopher George Santayana, they will be “condemned to repeat” the past, and keep falling for money scams. As we watch the meltdown of FTX, the latest speculative Icarus to fall from the sky, here’…