From The Dispatch: In a hearing of the Senate Committee on Banking, Housing and Urban Affairs Tuesday, [Sen. Sherrod] Brown blasted Facebook’s plan to launch a digital currency, rattling off instance after instance when he said Facebook failed to protect its users and made money to the detriment of democracy.
Facebook wants to start is own currency with which people could buy and sell products, on Facebook, without the U.S. Government or anyone else doing anything like stopping money laundering or other fun stuff like that. Great libertarian logic.
We think Sherrod Brown has got it absolutely right. Stop it before it grows.