/biz/ - Business & Finance

https://www.cnbc.com/2019/05/02/joseph-stiglitz-we-should-shutdown-the-cryptocurrencies.html

>>6471307
>you understand that the US broke from the gold standard in the 30's and not in the 70's, right anon?
no shit idiot.
We were on a full gold standard until 1913, then we had a semi gold standard until 1970 when nixon closed the gold window

>t's what brought us out of the great depression. BECAUSE FIAT MONEY WORKS.
Fiat money doesn't work.
Fiat money(along with massive government intervention) CAUSED the great depression. After WW2 was over keynesians like yourselves wanted the government to keep the war spending going or they said the economy would collapse.
Instead the government dramatically decreased spending, taxes and regulations and it resulted in the most economically productive year in american history and this lead to the post war boom.
Learn american history.

>it says you're a faggot who gets economic news from memes and draws spurious correlations among charts that happen to have the same origin.
but keynesian teenagers do that.
You people don't actually read books or economic articles and just have this blind "deflation is le bad" ideology without actually questioning it. You don't even have any real arguments and you couldn't refute anything I said in my previous posts on economic history.

You're a fucking idiot and if you hate cryptos so much like pic related keynesian kike then you shouldn't be on this board.

>I bought my first btc in 2012
LOL really?
You own crypto but it goes against your ideology?
You do know all of the economists you worship hate crypto and want the government to regulate it out of the market right?

>>6471335
I see you also believe the "6 million jews died, not one more or one less" meme.
lol
why are you even on 4chan redditor?