Re:South Korea considers cryptocurrency tax
by pjc50 on Wednesday December 13, 2017 @11:14AM
(#15915127)
No, it's a "barbarous relic" in the words of Keynes, which is why it's not really used as currency any more. There are real reasons why the world went off the gold standard.
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Re:South Korea considers cryptocurrency tax
by nine_k on Wednesday December 13, 2017 @12:45PM
(#15915864)
Yes, because governments want to print fiat money to finance their debt. It has a nice side effect of moving more money into spending / investment, because inflation eats savings. Instead of gold, people buy homes and stock.
Re:South Korea considers cryptocurrency tax
by afsina on Wednesday December 13, 2017 @02:21PM
(#15916728)
Or, Keynes was wrong and he is responsible with all the boom and bust cycles and inflationary theft.
Re:South Korea considers cryptocurrency tax
by apalmer on Wednesday December 13, 2017 @02:44PM
(#15916952)
Serious question, Keynes was born in the late 1880 and didnt publish anything until 1900s... we had boom and bust cycles long before this. How do you explain that?
Re:South Korea considers cryptocurrency tax
by afsina on Wednesday December 13, 2017 @03:07PM
(#15917186)
Yes there were other boom and busts. But Keynes makes sure of it. According to Hayek (and many others), Keynesian spending policies are not a solution to unemployment or economic crises. On the contrary, they are a real threat to economic stability.