Wednesday, September 17, 2008

On the dangers of pyramid schemes

Apparently, Albania almost underwent a civil war a decade ago when several large pyramid schemes collapsed. Financial regulation in the US may not be perfect (viz the credit crunch), but it could be worse.

I heard about this, oddly enough, on [WARNING! This site is a worse time-suck than even Wikipedia! I "lost" an hour and a half reading it this morning, and was almost late for a job interview.]