NEW: Harvard economist Kenneth Rogoff
tries to make excuses on why he was so horribly wrong about Bitcoin.
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He is correct actually. Main use of Bitcoin is inflation tax evasion.
Main use of Bitcoin is tax evasion.
Inflation tax evasion.
NEW: Harvard economist Kenneth Rogoff
tries to make excuses on why he was so horribly wrong about Bitcoin.
View quoted note →
he keeps being wrong btw
We are witnessing the death of Keynesian economics. RIP.
I don't think that's true. It's possible to simultaneously be pro-Bitcoin and also believe in Keynes's approach for the pre-Bitcoin world
There will be multiple fiat currencies in use, alongside Bitcoin, for multiple decades to come and it's not clear how best to manage that. It'll be a new world, and I don't think we can blindly accept or dismiss any existing approach. Austrian economics might not be the perfect approach, even though some bitcoiners love it
Rogoff wasn't particularly Keynesian. In fact, his approach was anti-Keynesian during the crisis after 2008
Critical Macro Finance
What if Reinhart and Rogoff had adopted a more Keynesian perspective?
In two very influential papers, Reinhart and Rogoff (2010) and Reinhart et al. (2012) investigated the relationship between public debt and economi...
Brought to ypu buy the guy that advocates for the abolition of cash and Negative Interest Rate Policy. 🤡
"What did I miss?"
When the powers that be kick you out of the Cantillionaire club, there is no alternative.
apnews.com/article/harvard-antisemitism-federal-grants-trump-3c8e4d2d3fa0c5083d98250078f95d00
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He's talking about Monero without knowing it. Bitcoin is just an extension of TradFi these days.
Wait till Monero wakes up and destroys their house of cards.
100%. And these are the types at "elite" institutions..
NEW: Harvard economist Kenneth Rogoff
tries to make excuses on why he was so horribly wrong about Bitcoin.
View quoted note →