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solex (OP)
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April 10, 2013, 10:19:17 AM
Last edit: April 10, 2013, 11:17:09 AM by solex
 #1
    Bitcoin. The Ultimate Test for Economists and Economics bloggers

    Which economist is a vast know-nothing wind-bag, and which deserves his or her badge of honor as an econo-genius?

    • Karl Denninger Against
    http://market-ticker.org/akcs-www?post=219284
    • Paul Krugman Against
    http://krugman.blogs.nytimes.com/2011/09/07/golden-cyberfetters/
    • Adam Posen Against
    https://twitter.com/AdamPosen/status/319614427445993474
    • Nouriel Roubini Against
    https://twitter.com/Nouriel/status/321432357615845377  
    • Pater Tenebrarum For
    http://www.acting-man.com/?p=22571

    • Michael Shedlock Silence

    As they make their positions known more will be added to the list
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    rocks: Changing the supply limit fundamentally destroys bitcoin, but increasing the blocksize limit is absolutely needed to make it successful.
    Pteppic
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    April 10, 2013, 10:38:03 AM
     #2
    Adam Posen, ex member of the Bank of England's Monetary Policy Committee - Against

    https://twitter.com/AdamPosen/status/319614427445993474

    It takes a lot of front for an ageing QE instigator to dismiss bitcoin using a popular culture reference...
    "Remember too on every occasion which leads you to vexation to apply this principle: not that this is a misfortune, but that to bear it nobly is good fortune." - Marcus Aurelius
    solex (OP)
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    April 10, 2013, 10:46:14 AM
     #3
    Quote from: Pteppic on April 10, 2013, 10:38:03 AM
    Adam Posen, ex member of the Bank of England's Monetary Policy Committee - Against

    https://twitter.com/AdamPosen/status/319614427445993474

    It takes a lot of front for an ageing QE instigator to dismiss bitcoin using a popular culture reference...

    Thanks for that one. This is going to be an interesting list when BTC stabilizes somewhere above $1000 ..  Smiley
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    chrsjrcj
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    April 10, 2013, 10:51:54 AM
     #4
    Quote from: Pteppic on April 10, 2013, 10:38:03 AM
    Adam Posen, ex member of the Bank of England's Monetary Policy Committee - Against

    https://twitter.com/AdamPosen/status/319614427445993474

    It takes a lot of front for an ageing QE instigator to dismiss bitcoin using a popular culture reference...

    Wait. He posts a picture saying Twitter is for stupid people....while he's on Twitter???!!!???
    Operatr
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    April 10, 2013, 11:09:11 AM
     #5
    These idiots have proven they don't understand the fundamentals behind Bitcoin and view it as just some fad Internet funny money like all those .com busts of the early 2000's, like Flooze.

    So be it, leave them to champion their dying meat-world currencies. Sorry I don't have one to add
    NikolaTesla
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    April 10, 2013, 03:09:56 PM
     #6
    Doesn't surprise me most of the mainstream mouthpieces have boughten into Keynesian propaganda and couldn't see good sense if it smacked them in the head. Oh well, we'll let our bank accounts do the talking at the end  Grin
    w00t
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    April 10, 2013, 05:01:06 PM
     #7
    I have no idea if it is just ignorace (not enough knowledge) or persuit for own benefits (they are heavily invested in Gold) but I think later some of them will change their mind later at time.
    First PC game is using Bitcoin as the currency: Fallout 2
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    Operatr
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    April 11, 2013, 12:54:01 AM
     #8
    Quote from: NikolaTesla on April 10, 2013, 03:09:56 PM
    Doesn't surprise me most of the mainstream mouthpieces have boughten into Keynesian propaganda and couldn't see good sense if it smacked them in the head. Oh well, we'll let our bank accounts do the talking at the end  Grin

    More like the lack of bank accounts Cool
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