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Title: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: LiteCoinGuy on December 12, 2013, 12:12:39 AM PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That It Sounds Impressiv
http://www.businessinsider.com/paul-krugman-on-bitcoin-2013-12 Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: meanig on December 12, 2013, 12:35:31 AM Thanks for the advice Paul. Selling all my bitcoins now for dollars backed by guns. Please don't shoot me Bernake :-[
Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: marcus_of_augustus on December 12, 2013, 12:44:49 AM this is precious ... the Federal Reserve sounds 'impressive' too ... until you realise what a rotten scam it is, $85 billion a month to their busted-ass bankster buddies and counting Paul, yep that is impressive, impressive scale of theft!
a Nobel Prize in Economics 'sounds impressive' too ... until you realise what a little lickspittle lackey to banksters is worth in the open market for corrupted ideas men. (side note the nobel prize for economics was not instituted by Nobel himself with the hard sciences but added much more recently ... maybe to make economics sound more impressive?) but to be honest, if that is the best they got, we're golden chaps. Bitcoin sounds impressive because it is impressive ... but Krugman would have to do some C++ coding to truly know that, we await your commits to github Paul ;) Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: bitbouillion on December 12, 2013, 01:04:38 AM "Fiat backed by taxes" - that works well as long as the financial structure of a state is sound - now we have a central bank printing part of the interest payments for the government. BTW, he did not say "Dollar".
Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: goxed on December 12, 2013, 03:54:10 AM Do we now need a Bitcoin militia?
Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: oakpacific on December 12, 2013, 07:12:22 AM The platinum trillion dollar coin would sound a lot more impressive. :P
Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: beetcoin on December 12, 2013, 07:14:51 AM this is the kind of thing that someone who does not understand something says. along with "it's not a good investment since government doesn't back it." it's actually the opposite.. it's a good investment because government DOESNT back it.
Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: oOoOo on December 12, 2013, 11:22:54 AM Do we now need a Bitcoin militia? "fiat money is backed by men with guns..." It is interesting how Krugman understands money better in this case than some "libertarians" who believe that fiat is "backed by nothing"... Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: linuxnewbie on December 12, 2013, 11:36:27 AM Do we now need a Bitcoin militia? "fiat money is backed by men with guns..." It is interesting how Krugman understands money better in this case than some "libertarians" who believe that fiat is "backed by nothing"... Fiat money is backed by men (with guns)...who are paid in fiat money. On another note, if Krugman is to be taken seriously, I'm pretty confident that Bitcoin will remain impressive-sounding and therefore, as long as human civilization exists, hold at least some value. Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: kjlimo on December 12, 2013, 12:56:28 PM Do we now need a Bitcoin militia? Can't you buy that on Silk Road? Haha Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: Rygon on December 12, 2013, 01:12:59 PM Do we now need a Bitcoin militia? "fiat money is backed by men with guns..." It is interesting how Krugman understands money better in this case than some "libertarians" who believe that fiat is "backed by nothing"... "in principle, you can have assets, which are considered valuable, even though there is nothing backing them" Wow, Krugman implying that Bitcoin is an asset. Sounds bullish. :) Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: TraderTimm on December 12, 2013, 03:47:31 PM I'm glad Krugman panned it, because he's now in the company of Greenspan and Cramer. That's all the contrary indicators you need. If these bozos don't like Bitcoin, you're golden.
Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: Carlton Banks on December 12, 2013, 04:54:51 PM Do we now need a Bitcoin militia? "fiat money is backed by men with guns..." It is interesting how Krugman understands money better in this case than some "libertarians" who believe that fiat is "backed by nothing"... And he's fully admitting that this fiat money is in essence a gangster system, enforced in the way that gangsters do it. And that he's a spokesperson on behalf of the gangsters. Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: omahapoker on December 14, 2013, 12:32:52 AM didnt Krugman say bitcoin was a fad back in 2011?
This guy thinks he the smartest. Don't be a Krugman Title: Re: [2013-12-12] Video - PAUL KRUGMAN: Bitcoin's Value Is Driven By The Fact That .. Post by: p2pbucks on December 14, 2013, 12:37:15 AM ya mami is asking ya to eat dinner PAUL ;D
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