Quote from: Walter Rothbard on April 12, 2013, 10:21:15 PM

Quote from: biganth on April 11, 2013, 10:26:31 PM

It seems pretty obvious we need a new coin with a fixed conversion rate

"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."

http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect

"The DunningKruger effect is a cognitive bias in which unskilled individuals suffer from illusory superiority, mistakenly rating their ability much higher than average. This bias is attributed to a metacognitive inability of the unskilled to recognize their mistakes."