Fake Money Falling

MONEY DOESN'T ACTUALLY EXIST. We'd be better off, in some ways, to rerun to the days of bartering.. I'll trade you two good milk cows if you'll work in my filed and help me put in my crop, that sort of thing. Then again, in a modern economy with all kinds of economic transactions happening every moment of every day, we'd all have a hard time moving our cows around fast enough to keep up with our wheeling dealing. Hence, coinage, and then, paper currency, bank accounts, electronic cash transfers, and, the ultimate in imaginary money, "crpyto currency", which is nothing other than purely electronic money. Crypto currency, which could be called "cyber money", is probably the future of human ecoomic transfers. But for now, its still rather new, and a bit rough around the edges. Like many new and exciting assets, electronic money zoomed in stock market value, well beyond any reasonable expectations, then, following the laws of nature, came crashing down, where it now resides, having lost two thirds of its value in a little over a year. The recent scandal involving the FtX (Funds That don't Exist?) cyber currency concern, and its boy billionaire leader, no indicted heavily for financial corruption (stealing and spending other people's cyber currency) may be but the tip of the proverbial iceberg. Stay tuned. The failure of the big FtX crypto currency firm, its descent into bankruptcy, left hundreds of investors without any trace of the funds they invested, and ruined many financial lives in the process, all because of the reckless corrupt behavior of a few very wealthy, very immoral fund managers. And yet, economic and political conservatives will doubtless continue their false argument that a free market economy functions better with less government regulation and oversight, even as the urgent need for government regulation of the fledgling crypto currency industry has never been more apparent. Every conservative would benefit from reading Adam Smith's seminal "bible" of capitalism, "The Wealth of Nations", published in 1776. Smith stated that a smoothly functioning capitalist economy would require rational behavior by everyone, and should result in a universal middle class of owners and workers, with approximate economic equality occurring naturally according the the law of supply and demand. We are obviously far removed from such an idyllic economic circumstance. Rarely mentioned in conservative economic circles is that Smith also said that all government action on behalf of the poor is desirable, and that no government action on behalf of the wealthy is desirable. Since government is necessary to the proper function of any economy, why not allow a democratically elected government to regulate economic activity on behalf of everyone?