April 13, 2013

Bwah hah hah!

Yeah, Krugman again:

I guess this is an interesting point, if true — but you go to monetary policy with the economy you have, not the economy you wish you had. 

(link)

2 Comments:

Blogger Laird of Madrona said...

This Bitcoin thing is a good opportunity to explain money to people.

April 13, 2013 at 11:47 AM  
Blogger First Sea Lord said...

My dad used to suggest on gold mining: "We should just have an international agreement that this particular mountain has this much gold, estimated by geologists, and trade the paper."

April 13, 2013 at 12:09 PM  

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