As Rothbard said, '“It is no crime to be ignorant of economics (...) but it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance".
After others like Schiff and Roubini, #InseBhiMilo
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RT @kaul_vivek
Why bitcoin won’t become like money
Why Taleb is right, despite his timing
Why a free market in money is a bad idea
Why many bitcoin believers also believe in a…
https://twitter.com/kaul_vivek/status/1362258835214274571
Nowhere in the article does our man try to describe what 'money' is. Since he claims to have read Saifedean, here's what Saifedean says :
Our take - bitcoin is still in the process of *becoming* money, a process described by Menger in 1871 (see page 257 and onwards here)
Most of the arguments he makes have been made time and again since at least 2013.
The least he could do is 'steel-man' those arguments.
But last we checked, Austrian economics 'has only one hammer'..
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RT @kaul_vivek
@inlibertyreport Ah Austrians and their one hammer...
https://twitter.com/kaul_vivek/status/1360870098492301312
Don't harass Mr. @kaul_vivek , he understands and writes well on other subjects.
This is a warning to the rest of you - don't trust anyone, not even us. Do your own independent research and hope you're not wrong.
