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Title: 2012-11-18 utsandiego.com - YES, RECESSIONS HAPPEN — BUT THEY SERVE PURPOSE Post by: julz on November 18, 2012, 09:41:55 PM Single mention - but good to see it in this context.
Quote YES, RECESSIONS HAPPEN — BUT THEY SERVE PURPOSE Howard Lindzon 2012-11-18 http://www.utsandiego.com/news/2012/nov/18/tp-yes-recessions-happen-but-they-serve-purpose/ ... No matter which drugs our government and Federal Reserve offer the financial system, business cycles just happen. Recessions act to clear the financial system of the excesses and lead to reallocation of capital. Sure, we saved Bank of America and Citibank, but Dwolla, Square, Angellist, Strype, Bitcoin and many thousands of startups in the financial sector were created by entrepreneurs and investors fed up with a broken system. ... Title: Re: 2012-11-18 utsandiego.com - YES, RECESSIONS HAPPEN — BUT THEY SERVE PURPOSE Post by: herzmeister on November 18, 2012, 10:42:29 PM Bitcoin is a startup? ???
Title: Re: 2012-11-18 utsandiego.com - YES, RECESSIONS HAPPEN — BUT THEY SERVE PURPOSE Post by: julz on November 19, 2012, 01:21:52 AM Bitcoin is a startup? ??? Well it did say 'and many startups' not 'and many other startups' - so while it's sort of implied, strictly speaking they didn't call bitcoin, strype etc startups. |