Wednesday, September 28

Why no confidence in economists: “Bitcoin fix that”? By CoinTelegraph

© Reuters. Why no confidence in economists: “Bitcoin fix that”?

We live in a world where everyone is right. Obviously, it is a highly polarized world. It could be said that there is no longer a debate. What we have, instead, are warring tribes. Few are those who trust the experts. Because the “experts” are part of the conspiracy. “Only the experts of my tribe are right.” That is, only the expert who tells my truth is a true expert. The rest of the “experts” are swindled ex officio. The “fix that” vision is very convenient because in opposition you are always right. After all, “economists don’t know anything about economics.” Let’s talk about this phenomenon.

I love Bitcoin. I have Bitcoin. I buy Bitcoin. And I use Bitcoin. That is not to say that I should blindly follow whatever other bitcoiners say. I claim my right to doubt. The asset is great. In fact, investing in Bitcoin has been one of the smartest financial decisions of my life. I highly recommend it. Now, that does not imply that I should adopt libertarian dogmas. I mean the promotion of the libertarian utopia: End of banks, end of fiat money, free market for everything, zero regulations, and Bitcoin for everyone. In the same way that we can buy as an investment without advocating a return to the gold standard, we may well invest in Bitcoin as an investment without embracing the political element. Or do you not have that freedom?

Read on: Nixon Shock, Inflation, and Bitcoin: What’s the Problem with the Economy?

Read the full article on Cointelegraph

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