Post
Topic
Board Economics
Re: Interest rates in a deflationary currency
by
Impaler
on 04/06/2013, 08:29:57 UTC
Their is an unabashed moralistic tone on these forums that praise savings as virtuous and noble and thus entitled to great personal gain, the only distinction is most of BTCs windfall is deflationary rather then from interest.  But the same general tone is present when ever I've discussed interest.  Naturally such moralizing dose not appear in dry academic papers that constitute the academic Austrian school core (or at least its subtle), but no one can seriously deny that this belief is rampant amongst the wider non academic Austrian populous.