Post
Topic
Board Bitcoin Discussion
Re: Bitcoin a fool's Gold Standard?
by
Ix
on 29/01/2014, 06:27:09 UTC
Look at how well "printing more money" does in a crisis. Its a get  out of jail free card for the politicians in power. They just pass the mounting debt onto the next generation. Happening in nearly every country on the planet. House of cards.

If printing money in a crisis is get out of jail free card, that implies it works. It is of course very difficult to judge how things would have played out differently were the money system harder, but claiming it to be a house of cards--destined to fall--is begging the question and a logical fallacy. It's not like some alien entity owns government debt that will eventually enslave us all, people own that debt.