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Author Topic: [2015-02-09] Central Banks will Hasten the Rise of Bitcoin  (Read 999 times)
LiteCoinGuy
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February 09, 2015, 04:39:25 PM
Last edit: February 09, 2015, 04:52:19 PM by LiteCoinGuy
 #1

Central Banks will Hasten the Rise of Bitcoin

It has become now a worn-out cliche to point out that central bankers are destroying the world economy. All their stimulus and ‘quantitative easing’ is nothing more than naked money-printing. There is no substantive difference between counterfeiting to spend for one’s self, and what governments do, save some academic window-dressing. To think that money can be invented without consequences is folly. To think that bureaucrats can counter-cyclically intervene in the economy better than private actors, is in total defiance of history. Most absurd of all is the presumption that one dollar spent by government could amount to more than a dollar’s worth of economic activity.

https://medium.com/@NEWSBTC/hong-kong-bitcoin-exchange-reportedly-goes-bankrupt-takes-investors-390m-eb1b0f3dce3

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February 09, 2015, 05:36:39 PM
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Was it perhaps this link you meant to paste instead?    Tongue

But yes, quite a nice piece about the long term problems with money printing.

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