Bitcoin Forum

Economy => Economics => Topic started by: Stephen Gornick on April 28, 2011, 09:51:40 AM



Title: Fight of the Century: Keynes vs. Hayek Round Two
Post by: Stephen Gornick on April 28, 2011, 09:51:40 AM
https://i.imgur.com/I2lHw.jpg (http://www.youtube.com/watch?v=GTQnarzmTOc)

Fight of the Century: Keynes vs. Hayek Round Two: http://www.youtube.com/watch?v=GTQnarzmTOc


Fear the Boom and Bust (The original, or "Round One"): http://youtube.com/watch?v=d0nERTFo-Sk


Hayek vs. Keynes Sequel Sneak Peek at The Economist Buttonwood Gathering: http://youtube.com/watch?v=7k7ob438hk0


Title: Re: Fight of the Century: Keynes vs. Hayek Round Two
Post by: da2ce7 on April 28, 2011, 10:53:30 AM
They need to accept Bitcoin donations!


Title: Re: Fight of the Century: Keynes vs. Hayek Round Two
Post by: kristoffernolgren on April 28, 2011, 01:47:01 PM
So, according to my understanding, the bitcoin-economy would pretty much make a Keyneshian recovery-model impossible.

*No geographically defined-currency to boost
*Hard to collect taxes

Allthough, increasing the assets of the people in your local area, might boost the local economy right?


Title: Re: Fight of the Century: Keynes vs. Hayek Round Two
Post by: grondilu on April 29, 2011, 04:56:26 AM
I love the part about war.

And I also love this part:

KEYNES
so what would you do to help those unemployed?
this is the question you seem to avoid
when we’re in a mess, would you just have us wait?
Doing nothing until markets equil-i-brate?

HAYEK
I don’t want to do nothing, there’s plenty to do
The question I ponder is who plans for who?
Do I plan for myself or leave it to you?
I want plans by the many and not by the few.


Title: Re: Fight of the Century: Keynes vs. Hayek Round Two
Post by: FreeMoney on April 29, 2011, 08:20:25 AM
So so good, watching it a third time now. Where do we ship the coins?


Title: Re: Fight of the Century: Keynes vs. Hayek Round Two
Post by: deadlizard on April 29, 2011, 08:22:21 AM
Hayek-splosives? we have a 10-66   8)


Title: Re: Fight of the Century: Keynes vs. Hayek Round Two
Post by: Dusty on May 01, 2011, 05:26:46 PM
Awesome video from Papola, really great job!

BTW: Hayek was for free competition of the currency on the market, I think he would be very interested in Bitcoin ;-)