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Re:Adam Smith Hates Bitcoin by smokeyj on Friday April 12, 2013 @07:38PM (#5541780)
Central planners like central banking? Get out.
Re:Adam Smith Hates Bitcoin by penny500 on Friday April 12, 2013 @07:46PM (#5541832)
Mainstream economists aren't central planners. I don't mean just economists from both administrations. I meant mainstream economists from every school on the US News and beyond.
Re:Adam Smith Hates Bitcoin by bcoates on Friday April 12, 2013 @07:55PM (#5541864)
But Krugman isn't complaining about Bitcoin's monetary policy here; he's complaining about the operation of the network itself. It's a pretty weak argument; he's claiming that the network costs too much without doing any kind of serious cost-benefit analysis, just an inapt comparison to gold coins.
Re:Adam Smith Hates Bitcoin by smokeyj on Friday April 12, 2013 @08:24PM (#5541963)
When the entire mainstream media portrays a complex and controversial issue as entirely one sided, this gives you confidence?
Re:Adam Smith Hates Bitcoin by penny500 on Friday April 12, 2013 @08:31PM (#5541978)
"mainstream media" != "mainstream economists"

I'd prefer the opinions of PhD economists with a special emphasis on currency transactions over yours or anyone else's, actually.

Re:Adam Smith Hates Bitcoin by smokeyj on Friday April 12, 2013 @09:19PM (#5542121)
Economists who don't agree with Keynes aren't credible because they're not the majority? I prefer science over mob mentality.
Re:Adam Smith Hates Bitcoin by penny500 on Saturday April 13, 2013 @01:38AM (#5542693)
Are you serious? Just because you're not Keynesian, it doesn't mean you do not believe in a central bank. Milton Friedman believed in a central bank.