It's gonna be T. I. Rubin's Psychology, Austrian Economics, and Smiling Dave's Gentle Sarcasm
"Most people are in arrested development and cannot use logic." Jacob. "Competition and capitalism are hated to-day because of their tendency to destroy poverty and privilege." William Hutt "America is unique in that our economy is totally dependent on global charity." Peter Schiff
Friday, September 9, 2011
Bitcoin, We Hardly Knew Yeh.
A picture is worth a thousand words. Here are two pictures of what's happening with Bitcoin.
Dropping like a stone.
Or, to be more scientific:
From $30 to $5 in three months. Over at the Mises forum, we were ridiculed for claiming the Mises Regression Theorem proves Bitcoin is doomed. Now I know how Peter Schiff feels.