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A comment on Bitcoin exchange rate reached $100 USD per BTC. Parent comment

Re:Bitcoin exchange rate reached $100 USD per BTC by cynicalkane on Monday April 01, 2013 @01:28PM (#5474516)
Increasing the money supply helps one class of people: the bankers. It doesn't help the middle class, it doesn't help entrepreneurs, and it definitely doesn't help the common person. It's an insidious hidden tax.

I don't understand how something completely unsupported by the data is repeated as truth.

Historically, deflation is disastrous for everyone, and high inflation also disastrous for everyone. Moderate inflation has the effect of redistributing wealth from capital to work, and tight money the effect of redistributing wealth from work to capital. Compare Australia (loose money) to the Eurozone or America or Japan (tight money) for example.

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Re:Bitcoin exchange rate reached $100 USD per BTC by sliverstorm on Monday April 01, 2013 @10:50PM (#5477394)
I don't understand how something completely unsupported by the data is repeated as truth.

Simple; it has never been conclusively and irrefutably disproven. Ergo, it must be true, or else it would have been disproven.

Religion isn't the only one with nutjobs ;)

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