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Author Topic: Fight of the Century: Keynes vs. Hayek Round Two  (Read 1588 times)
Stephen Gornick
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April 28, 2011, 09:51:40 AM
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Fight of the Century: Keynes vs. Hayek Round Two: http://www.youtube.com/watch?v=GTQnarzmTOc


Fear the Boom and Bust (The original, or "Round One"): http://youtube.com/watch?v=d0nERTFo-Sk


Hayek vs. Keynes Sequel Sneak Peek at The Economist Buttonwood Gathering: http://youtube.com/watch?v=7k7ob438hk0

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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April 28, 2011, 10:53:30 AM
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They need to accept Bitcoin donations!

One off NP-Hard.
kristoffernolgren
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April 28, 2011, 01:47:01 PM
 #3

So, according to my understanding, the bitcoin-economy would pretty much make a Keyneshian recovery-model impossible.

*No geographically defined-currency to boost
*Hard to collect taxes

Allthough, increasing the assets of the people in your local area, might boost the local economy right?
grondilu
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April 29, 2011, 04:56:26 AM
 #4

I love the part about war.

And I also love this part:

KEYNES
so what would you do to help those unemployed?
this is the question you seem to avoid
when we’re in a mess, would you just have us wait?
Doing nothing until markets equil-i-brate?

HAYEK
I don’t want to do nothing, there’s plenty to do
The question I ponder is who plans for who?
Do I plan for myself or leave it to you?
I want plans by the many and not by the few.
FreeMoney
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April 29, 2011, 08:20:25 AM
 #5

So so good, watching it a third time now. Where do we ship the coins?

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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April 29, 2011, 08:22:21 AM
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Hayek-splosives? we have a 10-66   Cool

btc address:1MEyKbVbmMVzVxLdLmt4Zf1SZHFgj56aqg
gpg fingerprint:DD1AB28F8043D0837C86A4CA7D6367953C6FE9DC

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May 01, 2011, 05:26:46 PM
 #7

Awesome video from Papola, really great job!

BTW: Hayek was for free competition of the currency on the market, I think he would be very interested in Bitcoin ;-)

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