Recommend Is There Wisdom in the Crowd? (Email)

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Contributed by Doug Hornig, Casey Research. In the 1960s, a clever fellow placed an ad in a national magazine: Money needed. Please send $1 to the address below. Do it today! No specific need was given; nothing was promised. Yet, thousands of dollars arrived in his mailbox. Or so the urban legend goes. Is today's hot new "crowdfunding" similar?

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