Re:Bitcoin does not pose a threat to law and order
by Duff on Thursday May 12, 2011 @11:22AM
(#2540865)
That's a big downside of fixed monetary systems like what many developing countries used or the gold standard. In inability to inject liquidity perpetuates instability.
In the 19th century, you'd usually see financial crises appear in the fall before harvest, because local banks would be at their weakest point before the harvest came in and crop loans were repaid.
In the 19th century, you'd usually see financial crises appear in the fall before harvest, because local banks would be at their weakest point before the harvest came in and crop loans were repaid.