Tuesday, February 25, 2014

Choose Your Monetary Adventure, Mt. Gox Edition

This from Dr. Krugman's blog  --  I guess the key word is PRIVATE.  After all, don't "libertarians" want to put both the rewards and the risks in their hands?    So, if some end up penniless, They will "do the right thing" and either work to recoup their fortunes, or, if unable to work, they will either happily starve or commit suicide.  After all, they cannot expect society to take care of them -- can they?

Please follow link to original.
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http://krugman.blogs.nytimes.com/

Bitcoin was, of course, created in part to cater to libertarian dreams – to provide a way to store your wealth where governments can’t steal it through taxation or currency debasement.
And it’s true! Thanks to Bitcoin, you can instead have your wealth stolen by private hackers.

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