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Title: 2013-04-18 Forbes - The Fiat Emperor Has No Clothes (excellent Krugman rebuttal) Post by: StarfishPrime on April 20, 2013, 12:41:11 AM Nice rebuttal by everyone's favorite bitcoin champion Jon Matonis.
http://www.forbes.com/sites/jonmatonis/2013/04/18/the-fiat-emperor-has-no-clothes/ Title: Re: 2013-04-18 Forbes - The Fiat Emperor Has No Clothes (excellent Krugman rebuttal) Post by: marcus_of_augustus on April 21, 2013, 12:16:07 AM The fiat emperor has no clothes!
Title: Re: 2013-04-18 Forbes - The Fiat Emperor Has No Clothes (excellent Krugman rebuttal) Post by: RenegadeMind on April 21, 2013, 12:49:55 AM I particularly liked this part:
Quote Though, just like the untainted child in the Hans Christian Andersen fairy tale, some of us are beginning to notice. It’s not the illusion itself that so offends our sensibilities, but more the notion that a competitive illusion is not to be permitted. If a free market illusion voluntarily agreed to from the bottom up is so desperately feared, then the protectors of the State-sanctioned illusion must not have the most benevolent of motives in store for us plebeians. |