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MIT Technology Review article from 2011
“Competition is good, even between currencies—perhaps the example of Bitcoin could influence the behavior of the Federal Reserve.”
Central banks the world over have freely increased the money supply of their currencies in response to the global downturn. Roberts suggests that Bitcoin could set a successful, if smaller-scale, example of how economies that forbid such intervention can also succeed.
The MtGox and Jobs board links are broken, of course.
+1 for interviewing Russ Roberts. That's back when the economy was so bad media outlets were willing to give non-keyensians a mouthpiece. Now, they can only interview economists that have Federal Reserve or White House somewhere on their resume.
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I wish RR would re-engage w/ btc. Seems like plenty of new angles to think about, and he's a really eclectic guy. Actually he seems like a good candidate to do the podcast that I want to do.
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Is Econ Talk the podcast you want to do?
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Not literally, but the fact that RR ranges so broadly, and talks about whatever he wants, and brings a general economics mindset to whatever topic, so Econ Talk is less about economics than topic X informed by wide reading and great economic literacy.
If you replace "economic literacy" with "bitcoin" that's pretty close to the podcast I'd want to be capable of doing.
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Cool.
Econ Talk is often the podcast I recommend to intelligent people if I don't know them very well.
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It's got something for every thoughtful person, I think. RR would be a cool dude to talk to I bet.
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I believe that bitcoin is the best,but competition is healthy.
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This is very helpful articals for me.
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Competition has always been good, but bitcoin always remains the top. Its hard to beat a perfect system.
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A very simple article with key answers.
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Nice find.
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