Bitcoin Forum

Economy => Economics => Topic started by: Stephen Gornick on January 21, 2011, 04:19:58 AM



Title: As long as the music is playing, you've got to get up and dance.
Post by: Stephen Gornick on January 21, 2011, 04:19:58 AM
We're still dancing!

Late 2009 through 2011 YTD
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/havenstein/M2%201.20_0.jpg
http://www.zerohedge.com/article/m2-update-1


http://research.stlouisfed.org/fred2/data/M2_Max_630_378.png
http://research.stlouisfed.org/fred2/series/M2


http://en.wikipedia.org/wiki/M2_(economics)#Empirical_measures

The title of this thread is a quote courtesy of former Citigroup Inc. Chief Executive Charles Prince who said that in July 2007, shortly before the complete meltdown of our financial system:
  http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aBBDg8lSUmrM



Title: Re: As long as the music is playing, you've got to get up and dance.
Post by: Stephen Gornick on January 21, 2011, 04:35:43 AM
Then again, they got nothing on Bitcoin:
https://en.bitcoin.it/w/images/en/e/e3/Total_bitcoins_over_time_graph.png

At this moment, Bitcon's money stock is 5,188,550 BTC (103,771 blocks, each of which had 50 BTC generated), ... is that Bitcoin's M0?
  http://en.wikipedia.org/wiki/Money_supply (http://en.wikipedia.org/wiki/Money_supply)


Title: Re: As long as the music is playing, you've got to get up and dance.
Post by: ShadowOfHarbringer on January 21, 2011, 08:52:52 AM
Everybody will dance as long as they are not exhausted enough to die.

There is a real mental illness that makes you do that actually, http://en.wikipedia.org/wiki/Dancing_mania