It is just hilarious watching some of these ivy-league puffed-up idiots stumbling and tripping over the basics when commenting upon Bitcoins.
It is as I have suspected since getting involved in gold over 16 years ago. They haven't got a clue about the fundamentals of money, some nor about finance, and economics is mostly about money.
Their illusions of grandeur are fading fast as they get left behind by the technological revolution. Many have only got to positions of 'authority' by trumpeting favourable noises for the banksters fiat crap-sandwich status quo. The whole economics profession and industry surrounding it maybe the greatest example of a mis-allocation of precious resources, made possible by centralised fiat monetary systems.
I'm left wondering what these guys would do if they had to earn a real living, it certainly would not be anything technical, perhaps swinging a hammer, pushing a broom ... who knows.
Topic: Bitcoin got economists stumped - page 2. (Read 3990 times)
Jump to: