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A comment on Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin. Parent comment

Re:Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin by tinokid on Tuesday January 23, 2018 @01:23PM (#16215910)
>the other has a permanent effect

This is not really accurate. There are of course many ways both fiscal and monetary for policymakers to "tighten the screws", as it were. They just haven't chosen to do so in recent years.

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Re:Nassim Nicholas Taleb, Author of Black Swan, on Bitcoin by jm__87 on Tuesday January 23, 2018 @01:45PM (#16216140)
* Permanent until the central bank chooses to contract their balance sheet at some point in the future.

Perhaps a better way to describe it is that a pump and dump strategy has a transient effect on the value of the asset in question, whereas a central bank increasing the money supply has a persistent effect on the value of the currency in question.

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