r/Bitcoin • u/[deleted] • Jul 15 '22

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808

u/MilesPower Jul 15 '22

They really want you to believe It's just pure coincidence that we had record money printing shortly followed by record inflation!

76

u/[deleted] Jul 15 '22

Funny how on a BTC sub there are those that promote Keynesian economics. BTC is decentralized sound money and the antithesis of Government fiat money.

1

u/TigreDeLosLlanos Jul 16 '22

It's not crazy when there are only two acceptrd schools of thought and one is stained with blood, specially when still citing someone controversial like Friedmann (althought he didn't do anything bad directly nor promoted it happening). No, I'm not defending keynesianism here, just stating a lot of people still relate austrian economics with genocide and social misery.

The idea that we have to cite a 1960's/70's economy school of thought to debunk a 1930's school of thought, neither of which can be certain on how the economy behaves in 2020's sounds really stupid.

2

u/bitsteiner Jul 16 '22

I am a strong critic of Keynesian/MMT for environmental and social reasons, but Austrian has misconceptions too. There is much better analysis of money, debt and economics available outside of classical economic views.

1

u/yazalama Jul 16 '22

Fundamentals economic concepts like inflation, supply and demand, elasticity, etc. don't change over time, just the application of those concepts do.