Adrian-x
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January 09, 2014, 12:14:04 AM |
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This generation is all about accusing the previous for the economic mess they created, true, true but in the lulaby of peace they have forgotten that the 2 previous generation main concern was: Peace
All decisions made in political and economic level had that principle in mind. So why do economists hate deflationary currencies? because it leads to conflict inside and between countries. Look at the Feudal age in europe, those economies were perfect from economic perspective, no inflation, full employment
But... Feud has a double meaning doesnt it?
Yes sure, but it is part of an evolutionary history, Feudal age = deadlock, monopoly on the means of production Land. ( the feudal kings did not see the power shift to the leverages of capital until it was too late) Merchant capitalisation broke that monopoly and ushered in a new age. Bitcoin is bringing in a new age like FRB superseded Feudalism, Bitcoin will superseded FRB, the people who hold the power of capital today will ignore it and fall as did Feudalism. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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MoonShadow
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January 09, 2014, 12:18:54 AM |
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And don't forget the potential effects of Fourth Turning social theory.
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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2bfree
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January 09, 2014, 03:42:37 AM |
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Most economist worship the centralized model and bitcoin is not that. That's their problem.
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Kungfucheez
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January 09, 2014, 05:48:41 AM |
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Most economist worship the centralized model and bitcoin is not that. That's their problem.
No, that's your problem. Central Banks serve a very real and absolute purpose to the economies of all modern industrialized nations. They are essential, as time and history has clearly proven. |
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aminorex
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Sine secretum non libertas
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January 09, 2014, 06:14:33 AM |
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Every economist hopes in his heart to become the Bernanke.
The power of the Bernanke is the power of the helicopter.
Bitcoin threatens the power of the helicopter.
Hence all economists hate the bitcoin.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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Lloydie
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January 09, 2014, 06:42:48 AM |
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Most economist worship the centralized model and bitcoin is not that. That's their problem.
No, that's your problem. Central Banks serve a very real and absolute purpose to the economies of all modern industrialized nations. They are essential, as time and history has clearly proven. Yes, they are a problem. They create inflation which farks everything up. Bitcoin as a decentralised system will prove that central banks are surplus to requirements. |
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thaaanos
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January 09, 2014, 07:51:41 AM |
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The Groupthink runs strong in you!
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Lloydie
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January 09, 2014, 07:54:16 AM |
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The Groupthink runs strong in you!
No, you're the group think from mainstream central banking and sheep country. |
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Lloydie
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January 09, 2014, 07:56:44 AM |
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Bitcoin is to the US, what the USD is to Zimbabweans.
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thaaanos
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January 09, 2014, 10:36:56 AM |
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Bitcoin is to the US, what the USD is to Zimbabweans.
A mean to a strip the country out of resources and have people starve? Finally we agree. |
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Lethn
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January 09, 2014, 11:23:50 AM |
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Most economist worship the centralized model and bitcoin is not that. That's their problem.
No, that's your problem. Central Banks serve a very real and absolute purpose to the economies of all modern industrialized nations. They are essential, as time and history has clearly proven. Give us some examples from history of it being necessary? |
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thaaanos
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January 09, 2014, 11:55:39 AM |
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Most economist worship the centralized model and bitcoin is not that. That's their problem.
No, that's your problem. Central Banks serve a very real and absolute purpose to the economies of all modern industrialized nations. They are essential, as time and history has clearly proven. Give us some examples from history of it being necessary? ? guess how US exited. |
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Lethn
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January 09, 2014, 12:45:51 PM |
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Most economist worship the centralized model and bitcoin is not that. That's their problem.
No, that's your problem. Central Banks serve a very real and absolute purpose to the economies of all modern industrialized nations. They are essential, as time and history has clearly proven. Give us some examples from history of it being necessary? ? guess how US exited. Which section exactly are you referring to? You're being nice and vague as usual, I suppose you mean "Turning point and recovery" right? This wiki article seems to me to be also skewed pretty much in favour or the kind of economic school that you're preaching but even this isn't being clear and specific about when and what actually caused the U.S to exit the depression and I'd argue that the U.S hasn't ever left the great depression because it's still on paper and borrowing more than it earns. Disregarding the whole paper vs gold argument, the basic mathematics of borrowing more than you're earning means you're just losing money every year and no matter who you are you can't just ignore that, well there are people out there that do like you but that's why you'll never make money in life. |
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Lloydie
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January 09, 2014, 01:58:33 PM |
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Bitcoin is to the US, what the USD is to Zimbabweans.
A mean to a strip the country out of resources and have people starve? Finally we agree. With people like you, no wonder greece is going backwards. Maybe you should just stick to fiat currencies. |
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htspringer
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January 09, 2014, 04:58:08 PM |
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Its like the economists have gone on a witch hunt against Bitcoin!
Whats their problem?
It's really quite simple. Those who are afraid of bitcoin are spineless liberals who despise grassroots movements by the people. They believe in government solutions. Bitcoin contradicts their ideology. |
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thaaanos
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January 09, 2014, 06:04:22 PM |
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Its like the economists have gone on a witch hunt against Bitcoin!
Whats their problem?
It's really quite simple. Those who are afraid of bitcoin are spineless liberals who despise grassroots movements by the people. They believe in government solutions. Bitcoin contradicts their ideology. we are not against the design, we are against the initial conditions, when you understan that, maybe you get over your prejudice |
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Adrian-x
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January 09, 2014, 06:30:27 PM
Last edit: January 09, 2014, 11:45:19 PM by Adrian-x |
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Its like the economists have gone on a witch hunt against Bitcoin!
Whats their problem?
It's really quite simple. Those who are afraid of bitcoin are spineless liberals who despise grassroots movements by the people. They believe in government solutions. Bitcoin contradicts their ideology. Spineless Liberals - that's harsh, it sounds biased, I have held the overselling opinion that I am a conservative, a liberal, a libertarian, even an anarchist. The political ideology is nothing more than a label in defining people who believe in a general method that is the optimal way to achieve social harmony and economic efficiency. Those afraid of Bitcoin are not spineless, just ignorant at some level. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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Adrian-x
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January 09, 2014, 06:32:26 PM |
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Its like the economists have gone on a witch hunt against Bitcoin!
Whats their problem?
It's really quite simple. Those who are afraid of bitcoin are spineless liberals who despise grassroots movements by the people. They believe in government solutions. Bitcoin contradicts their ideology. we are not against the design, we are against the initial conditions, when you understan that, maybe you get over your prejudice Who is we? |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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diedicar
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January 09, 2014, 08:23:42 PM |
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Having an economics degree sadly does not mean you understand economics.
And having a doctorate in physics does not mean you understand physics... A bit over a hundred years ago, an awful lot of mainstream physicists rejected Einstein's Theory of Relativity too (see http://en.wikipedia.org/wiki/Criticism_of_the_theory_of_relativity for details). Their reasons were numerous yet we all know he was vindicated within a handful of decades. The analogy isn't perfect as Bitcoin isn't a new economic theory, but it definitely threatens to expose the theories of Keynes as fundamentally flawed which apparently makes a lot of closed-minded economists uncomfortable. bitcoin did 'nt exist at the times of keyens or austrians. That's why it does not fit in those frameworks. But: "If the Treasury were to fill old bottles with banknotes, bury them at suitable depths in disused coalmines which are then filled up to the surface with town rubbish, and leave it to private enterprise on well-tried principles of laissez-faire to dig the notes up again (the right to do so being obtained, of course, by tendering for leases of the note-bearing territory), there need be no more unemployment and, with the help of the repercussions, the real income of the community, and its capital wealth also, would probably become a good deal greater than it actually is. " http://ebooks.adelaide.edu.au/k/keynes/john_maynard/k44g/chapter10.htmlWAIT! why the need of a Treasaury to fill the bottles? Keynes would absolutely agree to coin minining, expecially of litecoins. |
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Lloydie
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January 09, 2014, 08:29:03 PM |
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Its like the economists have gone on a witch hunt against Bitcoin!
Whats their problem?
It's really quite simple. Those who are afraid of bitcoin are spineless liberals who despise grassroots movements by the people. They believe in government solutions. Bitcoin contradicts their ideology. we are not against the design, we are against the initial conditions, when you understan that, maybe you get over your prejudice And again we say to you who are them: don't use bitcoins. Problem fixed. End of story. |
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