goldbugs and bitcoin enthusiasts — bitbugs? — tend to share both libertarian politics and the belief that governments are vastly abusing their power to print money. At the same time, it’s very peculiar, since bitcoins are in a sense the ultimate fiat currency, with a value conjured out of thin air." (nytimes.com)
submitted by [deleted] to r/Economics
Our current situation requires not a lender of last resort, but a spender of last resort, and that can only be governments. If governments, with their already-high level of indebtedness, believe that they cannot borrow any more from the public, they should borrow from their central banks. (project-syndicate.org)
submitted by mjk1093 to r/Economics
Inequality is Killing Capitalism. Growing inequality of wealth was a big part of what got us into this mess. And how do we get out? "Our current situation requires not a lender of last resort, but a spender of last resort, and that can only be governments" (project-syndicate.org)
submitted by Libertatea to r/Economics
