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.
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.