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Author Topic: Gold hits $1600 USD  (Read 927 times)
westkybitcoins
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Firstbits: Compromised. Thanks, Android!


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July 18, 2011, 11:48:57 AM
 #1

Choke on that, Bernanke!  Grin

Prices just keep going up, up, up across the board. But no worries, everyone... after all, inflation is supposed to be good for us!  Roll Eyes

Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
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In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber
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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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hugolp
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July 18, 2011, 12:01:23 PM
 #2

Choke on that, Bernanke!  Grin

Prices just keep going up, up, up across the board. But no worries, everyone... after all, inflation is supposed to be good for us!  Roll Eyes

Krugman is now trying to defend his denial about inflation by showing charts of sticky prices... And even the sticky prices are going up. Obviously sticky prices are going up slower than non-sticky prices (no shit sherlock), but even sticky prices are going up.

I dont understand how people can keep reading that clown.
GideonGono
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July 18, 2011, 12:07:43 PM
 #3

Choke on that, Bernanke!  Grin

Prices just keep going up, up, up across the board. But no worries, everyone... after all, inflation is supposed to be good for us!  Roll Eyes

Krugman is now trying to defend his denial about inflation by showing charts of sticky prices... And even the sticky prices are going up. Obviously sticky prices are going up slower than non-sticky prices (no shit sherlock), but even sticky prices are going up.

I dont understand how people can keep reading that clown.

Do you have the link? I have a friend who is a krugman fan. I feel like making fun of a Keynesian right now. Tongue

hugolp
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July 18, 2011, 12:36:45 PM
 #4

Choke on that, Bernanke!  Grin

Prices just keep going up, up, up across the board. But no worries, everyone... after all, inflation is supposed to be good for us!  Roll Eyes

Krugman is now trying to defend his denial about inflation by showing charts of sticky prices... And even the sticky prices are going up. Obviously sticky prices are going up slower than non-sticky prices (no shit sherlock), but even sticky prices are going up.

I dont understand how people can keep reading that clown.

Do you have the link? I have a friend who is a krugman fan. I feel like making fun of a Keynesian right now. Tongue

hxxp://krugman.blogs.nytimes.com/2011/07/15/sticky-note/

Seen here: http://www.economicpolicyjournal.com/2011/07/krugmans-error-of-being-stuck-on-sticky.html
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