Creating money with no collateral and lending it out is equivalent. Whether the banknotes are actually printed on paper or just digitally added to a ledger makes no difference.
> you claim to know better
Why yes, yes I do know better than people who don't know better. I cited George Reisman, for instance, as someone who does know better.
> Who do you think increased the housing prices?
Supply and demand.
> bitcoin prices have gone up
Because people think bitcoin is the currency of the future.
Speculators don't cause assets to rise in value. They are betting that the assets will rise in value. Big difference.
Creating money with no collateral and lending it out is equivalent. Whether the banknotes are actually printed on paper or just digitally added to a ledger makes no difference.
> you claim to know better
Why yes, yes I do know better than people who don't know better. I cited George Reisman, for instance, as someone who does know better.
> Who do you think increased the housing prices?
Supply and demand.
> bitcoin prices have gone up
Because people think bitcoin is the currency of the future.
Speculators don't cause assets to rise in value. They are betting that the assets will rise in value. Big difference.
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