by Summary:
Say what you want about the backers of Bitcoin, they managed to create a currency unit that acts in the insane fashion that matches the way money works in mainstream economic models. For anyone with any attachment to reality, it offers a very good real world explanation why the DSGE approach to economics is inherently useless. It is an extremely safe bet that this lesson will be completely missed by the mainstream economics profession.... Bond Economics Bitcoin As A Vindication Of Mainstream Monetary Economics!Brian Romanchuk
Topics:
Mike Norman considers the following as important: Bitcoin, monetary economics
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Say what you want about the backers of Bitcoin, they managed to create a currency unit that acts in the insane fashion that matches the way money works in mainstream economic models. For anyone with any attachment to reality, it offers a very good real world explanation why the DSGE approach to economics is inherently useless. It is an extremely safe bet that this lesson will be completely missed by the mainstream economics profession.... Bond Economics Bitcoin As A Vindication Of Mainstream Monetary Economics!Brian Romanchuk
Topics:
Mike Norman considers the following as important: Bitcoin, monetary economics
This could be interesting, too:
Frances Coppola writes The SEC’s Bitcoin ETF Standoff
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Mike Norman writes My new podcast episode is out.
Say what you want about the backers of Bitcoin, they managed to create a currency unit that acts in the insane fashion that matches the way money works in mainstream economic models. For anyone with any attachment to reality, it offers a very good real world explanation why the DSGE approach to economics is inherently useless. It is an extremely safe bet that this lesson will be completely missed by the mainstream economics profession....Bond Economics
Bitcoin As A Vindication Of Mainstream Monetary Economics!
Brian Romanchuk