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A comment on The Wealthy Are Hoarding $10B of Bitcoin in Bunkers. Parent comment

Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers by vokep on Wednesday May 09, 2018 @01:48PM (#17032013)
so it would boost essential spending but take away from useless consumerism spending? And thats a bad thing?
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Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers by jonknee on Wednesday May 09, 2018 @02:05PM (#17032230)
Consumer spending going away means business spending going away which means jobs go away... Which means more consumer spending goes away and you can fill in the rest.

Personal Consumption Expenditures make up ~70% of the US GDP. Unless you really enjoy recessions you don't want to see it go down.

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