Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
rocks
on 13/02/2015, 21:49:54 UTC
The trick is not to panic about "how the market could possibly handle it without central planning." No one is smart enough to figure out all the little rules and stipulations for each economic relationship, let alone do so in advance, let alone get consensus on such rules. Just remove the cap and let the market work. Babying the market with paternalism in the form of artificial scarcity just leaves the space open for competitors to stick their oars in.

Well said.