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Re:Bitcoin makes journalists say stupid things by JumpCrisscross on Friday April 05, 2013 @01:54PM (#5499926)
F.A. Hayek versus J.M. Keynes is an Einstein versus Quantum Mechanics moment for economics. There is a tremendous amount of richness that is lost from just reading them without any context. Neither "won" - both theories saw their halcyon days and both have been incorporated into the modern dialectic.

Note that a lot of Bitcoin enthusiasts plough through Keynes to the value of debt. This, on the other hand, was answered by the Battle of Waterloo, where the City of London financed British army beat the initially superior French.

Re:Bitcoin makes journalists say stupid things by fnordfnordfnord on Friday April 05, 2013 @03:56PM (#5500674)
Are you saying that the good thing about fiat currency is that the gov't can use it to finance a war? Because that's one of my main complaints about fiat currency.
Re:Bitcoin makes journalists say stupid things by illuminate on Friday April 05, 2013 @10:04PM (#5502311)
Whatever you pay your taxes in will be used to finance a war.
Re:Bitcoin makes journalists say stupid things by fnordfnordfnord on Saturday April 06, 2013 @03:08PM (#5504649)
For your statement to be true, I would have expected a big rise in my taxes over the last decade, and perhaps a corresponding contraction of other gov't spending. I've seen neither, nor do I think the gov't was hoarding a big war-chest of funds for such an occasion. The main point of my comment was to point out that when it's possible for the gov't to finance war(s) with deficit spending as opposed to war-bonds, people freely ignore it, as you've demonstrated.