This morning, one of the most popular producers of hand-dyed sock yarn, Blue Moon Fiber Arts, announced that they were making so much money on their sock yarn that their bank managers decided it must be a front for something illegal, and shut down Blue Moon’s credit card system, and refunded all of the money for the 2007 Sock Club!So yeah, Ravelry is not just some useless social networking app, or a pointless "look at me! I wrote a cool online thingy!" -- it's really super-useful for those of us who are fiber industry professionals, too.
Blue Moon has found another bank that is happy to take knitter’s money, no matter how much of it there is, so all is well again in the knitting world. It does seem, however, that this gobsmacking development deserves to be known outside the knitting community—and must be of some kind of interest to economists.
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posted by blaneyphoto at 11:28 AM on July 21, 2007