Barry Eichengreen...what else is new. Career Fed-monger. I remember reading his book in college about how the gold standard was the cause of the Great Depression. Later on that year I attended a guest lecture he gave in which he made fun of Joseph Stiglitz.
Status-quo economists have too much power in this decadent society.
> Also, nothing would ensure that the electronic money you accumulate would hold its value, and nothing would prevent the operators of the platform from issuing more, in the first instance to themselves.
Nothing prevents the government from doing the same. Also bitcoins are regulated by math, by principle I trust math more than I trust the government.
For some reason, you linked to a piece written by a a writer who apparently is not affiliated with the Washington Post, and to a post explicitly labeled "opinion. Then you created a headline here without any info whatsoever about the contents of the piece, merely stating that newspaper "has lost all journalistic integrity"...apparently because they published someone's opinion.
Publishing opinion is one of the things newspapers do.
Apparently you also didn't read the article to the end where the author says:
"Critics of the dollar are having a field day. But when I think about our current monetary arrangements, I am inclined to paraphrase Winston Churchill on democracy: Ours is the worst possible system, except for all the others."
Thus I would read the OPINION piece as a discussion of how one could have a US without a Dollar, NOT a piece espousing this as the way to go.
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[ 2.7 ms ] story [ 23.2 ms ] threadStatus-quo economists have too much power in this decadent society.
Nothing prevents the government from doing the same. Also bitcoins are regulated by math, by principle I trust math more than I trust the government.
For some reason, you linked to a piece written by a a writer who apparently is not affiliated with the Washington Post, and to a post explicitly labeled "opinion. Then you created a headline here without any info whatsoever about the contents of the piece, merely stating that newspaper "has lost all journalistic integrity"...apparently because they published someone's opinion.
Publishing opinion is one of the things newspapers do.
Thus I would read the OPINION piece as a discussion of how one could have a US without a Dollar, NOT a piece espousing this as the way to go.