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Most of modern economics are bullshit promoting government meddling with money supply. No wonder "economic analysis" says Bitcoin is ridiculous. When you dismi
by oleganza 13y ago
Most of modern economics are bullshit promoting government meddling with money supply. No wonder "economic analysis" says Bitcoin is ridiculous.
When you dismiss Bitcoin by saying it's only there while "people are still willing to buy/trade" you are missing important point. Ask yourself: why people are willing to hold it. Why people are willing to have any money at all: USD, gold, seashells. Are they stupid? Or money gives some utility to them?
http://blog.oleganza.com/post/43378777734/on-circulation-of-money http://blog.oleganza.com/post/43378777734/on-circulation-of-...
- djur 13y agoThe "bullshit" and "government meddling" you decry has almost completely eliminated long-lasting panics and depressions in the industrialized world. Even the most cursory examination of pre- and post-Great Depression economic trends in the West shows that recessions became shallower and less common once governments adopted countercyclical policies.