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/biz/ - Business & Finance

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20981063 No.20981063 [Reply] [Original]

Why does biz seem to believe almost exclusively in Austrian economics and therefore gold and crypto? I don't know any other forum as entrenched in it.

>> No.20981320

>>20981063
i think austrian economics are retarded
but i'm still big on bitcoin
bitcoin is not money mind you it's better than money

>> No.20981443

>>20981063
Board culture. 4chan culture.
A lot of the early internet was libertarian.. Ron Paul was popular on /b/. A lot of the bitcoin community too, I think a lot of that survived and carried over to /biz/ now.

>> No.20981456

Quick gains. When I cash out I'll buy real estate and rent those out

>> No.20981457

>>20981320
That makes you retarded bro. Austrian theory is the key to escaping our shitty boom/bust cycle dystopia where only the well off and friends of the government benefit

>> No.20981528

>>20981063
Because we don't have the conflicts of interest and perverse incentives that tilt most other circles that would discuss economics away from the obvious truth. We're just faceless text boxes, so we can be brutally honest about everything.

>> No.20981917

>>20981457
>escaping our shitty boom/bust cycle dystopia
no it doesn't
it's a historical fact that before fiat these cycles were more prevalent and harder hitting on business

>> No.20981936

>>20981457
also who is the fucking retard that hoards fiat? austrian economics only benefit the imbeciles that can't invest at the expense of reliable lending and economic growth.

>> No.20981939

because we're not jewish or jewish slaves

>> No.20981957
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20981957

>>20981917
kys

>> No.20982178

>>20981917
Even at the inductive reasoning level, markets are nothing more than neural networks. If you tamper with their reward structure, they are going to adapt to take that for granted and act accordingly (suboptimally - overleveraged). This builds up until it crashes.
>>20981936
If money is not worth holding, then "investment" does not reflect a risk spread and is the de facto money. Whereas "money" is no longer technically money (the riskless store of value) but a way to scam a clueless or bankless population out of value because they do not know or have special access/liquidity to put it into an index. This does nothing to facilitate optimal allocation of resources but is a great way to shift numbers around to swindle a clueless population.
Economic growth is ultimately a buzzword, something you can will into existence by printing money and then fudging with the CPI/"inflation" and that is not necessarily good by its strict definition

>> No.20982772

>>20982178
>Even at the inductive reasoning level, markets are nothing more than neural networks
the fuck...
>If money is not worth holding, then "investment" does not reflect a risk spread and is the de facto money.
absolutely retarded statement

>> No.20982818

>>20981063
biz is more an investment forum than a buisness forum