MultiversX Tracker is Live!

"economists"

Bitcoin Reddit

More / Bitcoin Reddit 74 Views

Mitchell-innes says in his 1914 "credit theory" essay that our money would appreciate if we were to de-peg it from gold:

"We imagine that, by maintaining gold at a fixed price, we are keeping up the value of our monetary unit, while, in fact, we are doing just the contrary.the longer we maintain gold at its present price, while the metal continues to be plentiful as it is now, the more we depreciate our money"

Would be correct to call Keynesian "economists" charlatans? Quacks? Snake oil salesman? Delusional? Something equivalent to a flat earther?

They definitely are up there(or down?) in the Dunning-Kruger effect graph regarding how markets and economy works.

submitted by /u/jony_be
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments