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Author Topic: 2013-04-18 Forbes - The Fiat Emperor Has No Clothes (excellent Krugman rebuttal)  (Read 951 times)
StarfishPrime (OP)
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April 20, 2013, 12:41:11 AM
 #1

Nice rebuttal by everyone's favorite bitcoin champion Jon Matonis.

http://www.forbes.com/sites/jonmatonis/2013/04/18/the-fiat-emperor-has-no-clothes/

                         
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April 21, 2013, 12:16:07 AM
 #2

The fiat emperor has no clothes!

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April 21, 2013, 12:49:55 AM
 #3

I particularly liked this part:

Quote
Though, just like the untainted child in the Hans Christian Andersen fairy tale, some of us are beginning to notice. It’s not the illusion itself that so offends our sensibilities, but more the notion that a competitive illusion is not to be permitted. If a free market illusion voluntarily agreed to from the bottom up is so desperately feared, then the protectors of the State-sanctioned illusion must not have the most benevolent of motives in store for us plebeians.

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