PRINCETON The collapse of cryptocurrency exchange FTX and the mesmerising rise and fall of its founder, Sam Bankman-Fried, is only the most recent episode encapsulating the perils of financial innovation. At this point, it should be easy for regulators, financial institutions, and investors to spot an obvious Ponzi scheme. Why, then, must we relearn a difficult lesson over
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The Mississippi Gulf Coast was part of the French Colony called Louisiana from 1699-1763. France established a permanent European settlement in the Louisiana Colony in 1699 at the site of