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5881  Economy / Economics / Re: On Hoarding on: July 20, 2010, 11:02:21 PM
The narrative that suggests that if you cause the scales to tilt full swing in one particular direction or another then everything will be well is a delusion whether it is peddled by austrians or keynsians.

That much should be obvious to anyone except an austrian or keynsian fanatic.

An Austrian would consider many types of deflation a good thing, but it doesn't mean that they consider all inflation a bad thing.
5882  Economy / Economics / Re: On Hoarding on: July 20, 2010, 10:48:32 PM
As a footnote, the Austrians is not one of monetary deflation in normal times nor as a proscribed policy. Their position is that credit bubbles should be allowed to bust, but money should otherwise be honest and stable; that is, neither inflationary nor deflationary.

Money can't be neutral. It's like saying oils are dishonest for being inflationary. The correct view is that the free market should determine the amount of money that is available.
5883  Bitcoin / Bitcoin Discussion / Re: Defending Bitcoin against interventionists on: July 20, 2010, 04:16:09 PM
Possibly related though: Can the bitcoin project survive if Satoshi is hit by the bus tomorrow?
Yes, all the source code is available, anyone can compile the client or modify it, fork it, etc.

I meant an orderly succession, not a thousand forks of bitcoin.
5884  Bitcoin / Bitcoin Discussion / Re: Defending Bitcoin against interventionists on: July 20, 2010, 03:32:59 PM
Possibly related though: Can the bitcoin project survive if Satoshi is hit by the bus tomorrow?
5885  Bitcoin / Bitcoin Discussion / Why Use Bitcoin? on: July 17, 2010, 03:16:02 AM
Why do you guys use bitcoin? Is it for politics? Is it for science? Is it for letmockauthority? Is it for fun?

As for me, I am a libertarian/anarchist, so alternative voluntary momentary system is of interest to me.
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