Elaborate controls to make sure that currency is not produced in greater numbers is not something any other currency, like the dollar or the euro, has,” says Russ Roberts, professor of economics at George Mason University. The consequence will likely be slow and steady deflation, as the growth in circulating bitcoins declines and their value rises. When Bitcoin’s price spiked in 2017, so did public mentions of the cryptocurrency, as measured by a Google n-gram plot. When William Jennings Bryan promoted bimetallism during his run for ... Unlike other currencies, Bitcoin is underwritten not by a government, but by a clever cryptographic scheme. For now, little can be bought with bitcoins, and the new currency is still a long way ... Deflationary spiral is an economic argument that proposes that runaway deflation can eventually lead to the collapse of the currency given certain conditions and constraints. It is a common criticism made against the viability of Bitcoin.The ‘deflationary spiral’ is a real condition that affects the popular fractional reserve backing system. He recently appeared to discuss the book on Russ Roberts' EconTalk podcast. Shiller observes (p. 161) that "the enthusiasm for bimetallism in the nineteenth century seems similar to the excitement for Bitcoin we have seen in recent years." Later he goes a bit further to propose that "narratives about gold and money have a peculiar emotional ...
[index]          
Heute geht's um folgende Themen: Bitcoin – Eine Absicherung gegen Inflation, sowie gegen eine bargeldlose transparente Gesellschaft, Bitcoin bald mehr als 21 Millionen Coins & Western Union ... Douglas Irwin of Dartmouth College talks with EconTalk host Russ Roberts about the role the gold standard played in the Great Depression. Irwin argues that France systematically accumulated large ... Steve Hanke of Johns Hopkins and the Cato Institute talks with EconTalk host Russ Roberts about hyperinflation and the U.S. fiscal situation. Hanke argues that despite the seemingly aggressive ... Hoover Institution Research Fellow Russ Roberts responds to your questions on how the middle class is doing. We often hear that the middle class is stagnating and making no economic progress over ... Gavin Andresen, Principal of the BitCoin Virtual Currency Project, talks with EconTalk host Russ Roberts about BitCoin, an innovative attempt to create a decentralized electronic currency.