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A comment on The End of Libertarianism: The financial collapse proves that it makes no sense.. Parent comment

Re:The End of Libertarianism: The financial collapse proves ... by harshavr on Sunday October 19, 2008 @01:15AM (#336922)
Self-fulfilling rumours which trigger bank runs can be a distributed phenomena, no one person needs to engineer it. It just needs to start somehow.

More importantly, it is possible that most people are wrong on some particular question about a market. If so, a sudden discovery of the truth by the mainstream might lead to a desertion of this market.

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Re:The End of Libertarianism: The financial collapse proves ... by 0x44 on Sunday October 19, 2008 @10:01AM (#337074) 

  Self-fulfilling rumours which trigger bank runs can be a distributed phenomena
If we were to get rid of the physical token of our monetary value, it would be impossible for a run in one bank to negatively effect all of them. After all, an electronic 'withdrawal' has to go somewhere.
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