Awesome video from Papola, really great job!
BTW: Hayek was for free competition of the currency on the market, I think he would be very interested in Bitcoin ;-)
Topic: Fight of the Century: Keynes vs. Hayek Round Two (Read 1787 times)
Hayek-splosives? we have a 10-66 
So so good, watching it a third time now. Where do we ship the coins?
I love the part about war.
And I also love this part:
KEYNES
so what would you do to help those unemployed?
this is the question you seem to avoid
when we’re in a mess, would you just have us wait?
Doing nothing until markets equil-i-brate?
HAYEK
I don’t want to do nothing, there’s plenty to do
The question I ponder is who plans for who?
Do I plan for myself or leave it to you?
I want plans by the many and not by the few.
And I also love this part:
KEYNES
so what would you do to help those unemployed?
this is the question you seem to avoid
when we’re in a mess, would you just have us wait?
Doing nothing until markets equil-i-brate?
HAYEK
I don’t want to do nothing, there’s plenty to do
The question I ponder is who plans for who?
Do I plan for myself or leave it to you?
I want plans by the many and not by the few.
So, according to my understanding, the bitcoin-economy would pretty much make a Keyneshian recovery-model impossible.
*No geographically defined-currency to boost
*Hard to collect taxes
Allthough, increasing the assets of the people in your local area, might boost the local economy right?
*No geographically defined-currency to boost
*Hard to collect taxes
Allthough, increasing the assets of the people in your local area, might boost the local economy right?
They need to accept Bitcoin donations!
Fight of the Century: Keynes vs. Hayek Round Two: http://www.youtube.com/watch?v=GTQnarzmTOc
Fear the Boom and Bust (The original, or "Round One"): http://youtube.com/watch?v=d0nERTFo-Sk
Hayek vs. Keynes Sequel Sneak Peek at The Economist Buttonwood Gathering: http://youtube.com/watch?v=7k7ob438hk0
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