Post
Topic
Board Economics
Re: Economic Idiocy
by
brush242
on 31/12/2013, 23:56:43 UTC
If a bitcoin costs double (in dollars or cows), that means that each bitcoin buys twice as much dollars or cows, and thus is about twice as desirable.  If you find this phenomenon curious, paradoxical, or if this makes bitcoin "Giffen good" in your eyes, i would suggest either affordable counseling or adult continuing education.


Zinggggggg!