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Comment: Austrian economics (Score 4, Interesting) 600

by dytin (#42089913) Attached to: Bitcoin Mining Reward About To Halve
Bitcoin is the greatest real-world experiment in Austrian economics. For once we'll get to actually see if a "deflationary spiral" will actually occur when the rate of money creation slows, or if the Keyensians were just full of it. Whether bitcoin actually succeeds or not, we'll at least get some really good data.

...there can be no public or private virtue unless the foundation of action is the practice of truth. - George Jacob Holyoake

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