Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
The rest of the world has long since discovered the benefits of how to rob the populace with elastic money supply--benefits proven both empirically and through the works of John Maynard Keynes, the father of modern economics.
Bitcoiners, gold bugs and other Austrian School vandals now wish to destroy decades of economic progress, thrusting the world back into pre-Keynesian economic darkness.
Luddites
Bitcoiners, gold bugs and other Austrian School vandals now wish to destroy decades of economic progress, thrusting the world back into pre-Keynesian economic darkness.
Luddites
FTFY
Back to education again... I'm pretty sure Keynes was not a Monetarist. That would be the work of Milton Friedman you are talking about. If governments would be satisfied to only expand/contract the money supply in very unusual circumstances, as prescribed by Dr. Friedman, it might be marginally tolerable, but governments will not restrain themselves to the necessary, and any inflationary currency will always be abused for political expediency.