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There are two problems in your argument. 1. Mainstream US economics and politics is dominated by varying degrees of Keynesianism or Neo-Keynesiansm. Even the R
by argonaut 14y ago
There are two problems in your argument.
1. Mainstream US economics and politics is dominated by varying degrees of Keynesianism or Neo-Keynesiansm. Even the Republican mainstream (not talking about Ron Paul / libertarians, I'm talking about Mitt Romney).
2. Republicans are very supportive of measures that increase national security. If Bitcoin ever becomes widely used by terrorist organizations to shuttle money or other criminal organizations (as it appears to be used on a smaller scale already), then some Republicans would turn against it.
Combine this with the fact that the White House and Senate are controlled by Democrats, and you could very well see government action against Bitcoin.
- Andrew_Quentin 14y agoI don't think mainstream US and UK economics is dominated by Keynesianism. A good example is the current debate about cutting spending. The Uk has conservatives in power and they are cutting spending which is deflationary. The US has democrats in power and they aren't cutting spending but maybe even increasing it which is inflationary. Keynes would definitely recommend to increase spending or at least not cut it while Hayek the opposite.
- argonaut 14y agoI said nothing about UK politics, merely US politics.