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Title: Another problem solved by Bitcoin Post by: Severian on April 06, 2013, 10:51:34 PM "When goods do not cross borders, soldiers will."
-Bastiat Title: Re: Another problem solved by Bitcoin Post by: mai77 on April 06, 2013, 10:53:18 PM who is Bastiat?
possibly a knowledgable guy... ;) Title: Re: Another problem solved by Bitcoin Post by: kiba on April 06, 2013, 11:11:41 PM who is Bastiat? possibly a knowledgable guy... ;) He's a frenchman who died early at the age of 49. But he's also a economics theorist who gave us the "parable of the broken window" and other gems. Title: Re: Another problem solved by Bitcoin Post by: strikegold on April 06, 2013, 11:15:37 PM this is on of his essays on Political Economy
1.2 There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. knowledgable guy... for sure ::) Title: Re: Another problem solved by Bitcoin Post by: Severian on April 06, 2013, 11:18:51 PM But he's also a economics theorist who gave us the "parable of the broken window" and other gems. I like to think that Bastiat would have embraced Bitcoin. "Legal plunder" is one of my favorite terms coined by an economist. |