Austrian economics: Observes human behavior and applies first principles reasoning to construct an economic framework. Core tenets are self-evident.
Keynesian economics: A toxic brew of wishful thinking and academic masturbation reliant on credentialism for authority.
Fiat currencies stem from the latter.
Let’s do #Bitcoin instead
Them: #Bitcoin has no intrinsic value other than as something to speculate on.
Also them: #Bitcoin is only used by terrorists, drug dealers, and money launderers.
Also them: "#Bitcoin has the potential of undermining the role of the dollar as a reserve currency.”
They're all lying to our faces. They'll suddenly "come around" to #Bitcoin in a year and we'll find out their executives have been stuffing their bags this while time