Got Bitcoin? Gold Bug Peter Schiff Loses All of His BTC ...

[meta] [long and rambling] [philosophy] Flirting with Nihilism ; Is Conversation Pointless?

I used to have an ideal of conversation as being a Socratic dialogue: people ask probing questions of each other about important philosophical issues and reveal the mistakes in each other’s logic, ultimately reaching life-changing conclusions through the argument.
Over the years, I have often tried to engage in such debate and while there have been some interesting discussions more typically it has been a pointless endeavor which simply leaves everyone involved convinced more thoroughly of their rightness and doubting the sanity of the others. To be sure, my abrasive style and personality have played a role, but this has itself in part come from the mistaken views of the world and human nature which I held.
By the standard I used to hold, conversation is largely pointless.
Now, of course, most normal people would characterize argument and debate as being very different than conversation. This is because their objectives in conversation are not trying to change someone’s mind but to exchange more basic information or simply enjoy each other’s company. To be sure, there is clear value in conversation of this sort, but it is not what I’m talking about here.
What I’m suggesting is that the attempt to change someone’s mind by reason is generally impossible and not worth trying.
We all have certain foundational beliefs which no one is likely to be able to change. What exactly these are varies widely by person: for some people it is religious, for others political, or philosophical principles (whether or not a person explicitly recognizes them as philosophy).
But what is common about them is that no matter how sound an argument may appear to some “neutral”, disinterested third party, if someone tries to reason you out of these core positions, your mind will always be able to find a rationalization in response. And again regardless of how strong or weak this response is judged by our hypothetical third party, it will be sufficient to convince you that your position is right and likely cause you to be somewhat annoyed at the person making an “obviously” bad faith argument against something so basic.
This is not, as it might appear to be, an argument that people are irrational nor that I am any different in this. It is simply a fundamental side-effect of the process of reasoning. One must have a basis upon which to operate; there is no green field to work from.
Even Descartes’ brilliant argument showing how one can prove to themself that one exists, which is as close to pure reason without any external base as it is possible to get, itself relies upon certain foundations: the desirability of trying to prove such “trivial” matters; the value of pure reason as a source for truth. And it rapidly moves on by “the clear light of reason” to further argument which rests upon, essentially, “it seems obvious to me that…”
This is, essentially, a generalization of Gödel's incompleteness theorems (not that I fully understand them and certainly don’t know how to prove it, but simply that I recognize this point is not a fundamentally original thought) and similar: we must always start with something which we simply believe and cannot prove.
This may seem trivial, but I do not think it is. What it suggests to me is that the space for productive discussion in disagreement is far smaller than is often believe by those who, as I used to, believe that everything that matters could in theory be resolved by honest, wise intellectual exploration.
Therefore, when we find ourselves in disagreement with others on a fundamental level, there may well be no resolution to be had other than the phrase I have so hated for so long: “agree to disagree”. Others are able to accept this with grace and move on. I have always been bothered by reaching such impasses. If we are in disagreement about an important issue which is the basis for much of our reasoning, then how could we come to any agreement on any of the things which follow as a result of that basic view? And how could we have meaningful discussion if we simply must avoid all consequences of a major section of our world view?
And so, to me, the segmenting of discourse into “echo chambers” of various sorts makes perfect sense: people must have a shared foundation in order to be able to meaningfully communicate productively.
And yet, that is not enough to make forward progress either, because while less irritating perhaps, discussion simply among those who agree is pointless too.
So, then, if we cannot in general convince anyone else of anything that matters, nor do we wish to simply preach to the choir, what discourse could be useful?
  • Disagreement on facts rather than worldview
Among people who agree about, for instance, valid sources and other basic foundations, but who disagree about a particular fact, then linking to a source can actually be productive. This is as opposed to those who do not have such an agreement beforehand, where linking to a source can just be a self-congratulatory act which is unproductive.
  • Challenging one’s own worldview (or refining arguments ; this write-up’s category)
If you truly wish to have your own beliefs examined for whether or not they are incorrect, or their limitations; or if you simply want to try to refine and make more coherent something which you’ve vaguely thought, then it is useful to express your views not for the purpose of changing another’s opinion, but for the purpose of understanding your own.
This is what this piece is for me: a response to my own thoughts, particularly set in motion about a month ago when the title occurred to me, about what is and isn’t useful ground for disagreement and debate.
  • Responding to an invitation to challenge another’s world view (limited circumstances)
This is something which is often presented but rarely genuine: whether intentionally or unintentionally many people who present themselves as looking to have their own views challenged are actually going to respond with rationalizations to anything presented. While that means that this apparent opening is often unproductive, there is a kernel of sincere and thoughtful people who are open to examining their beliefs and are looking for something to build on to do so. I actually consider this less important than it may often seem, as people’s desire for self-justification generally means that there is abundant material available for one who looks to understand any major viewpoint, so there is relatively little need to try to seek to be the one to minister to such a unicorn.
But, since so much conversation is pointless, recognizing it and moving on rather than getting bogged down in it is more productive.
There is a large realm of productive material, for us to gain knowledge on a more “superficial” level - much does have a shared basis, and we don’t see these issues visibly in, for instance, learning a language or learning history (even though there really are philosophical issues underlying both, but generally speaking a person can find much productive ground). Since our time is limited, it makes sense to pursue these unambiguously productive areas instead of beating our heads against a wall trying to convince others about things we consider important but which are foundational for them and which they have not sought to question.
Examples of pointless discussions from unbridgeable views:
  • Bitcoin vs gold
While this might seem unintuitive as I have written about how I see Bitcoin and gold as having complementary strengths rather than being in opposition, what I mean when I express it as a pointless category is that trying to tell a Bitcoin fanatic about the uses of gold is a waste of time, just as trying to explain to Peter Schiff that it’s possible for people to create sustainable and meaningful value out of nothingness arbitrarily is a waste of time.
The “Bitcoin-only” and “gold-only” camps will never change their mind as a result of someone trying to come in and ‘save’ or ‘educate’ them.
  • Tsla vs tslaq
Quite similarly: those who believe Tesla will save the world have essentially no common ground to discuss productively with those who believe Tesla will go bankrupt and vice versa. There are simply fundamental differences about approaches to reasoning which will not be surmounted by the surface arguments like “but he lands rockets!” or “look at the historical rates of cash burn!”
Less obviously: the actual outcome will not resolve this either. Even if Tesla becomes wildly successful, the critics will still believe dishonest and unjustifiable actions to have been taken. Even if Tesla fails, the supporters will not believe Musk did anything wrong.
World views are generally proof against what might seem from the outside to be events which should break them.
  • Religious preference
Given the general argument I’ve made, this should be fairly obvious. However, I spent a fair amount of time over the years arguing some of this from both sides (when I was much younger I was an evangelical Christian ; by college age I was an “evangelical atheist” ; in hindsight, I don’t consider either a good way to spend time).
  • Political preference
This too follows clearly from the positions I’ve taken. No socialist is going to convince a capitalist that profit is evil. No capitalist will convince a socialist that profit is good. (Choose whatever dichotomy and examples you find appropriate.)
Examples of productive discussions sharing a common foundation:
These examples have been generally covered previously or are self-explanatory.
  • Specific facts between mutually respecting people
  • World view in rare cases where seeker wants introduction to different view
  • Skills (languages) or Bodies of knowledge (history)
  • Determining positions
This last is a potentially interesting one: even when changing a person’s mind may be impossible and unproductive, unbridgeable divides as far as resolving the disagreement can still be productive in terms of understanding what exactly the relative positions are. The socialist may not convince the capitalist of anything, but if they simply want to understand what the capitalist believes, that could be productive (and vice versa).
Of course, if it devolves into trying to convince the other person they’re wrong rather than trying to understand their position, it goes back to being pointless.
My choices:
As a practical matter, what am I doing with these views?
  • Unfollowing and blocking easily on Twitter
I’ve been using Twitter for the first time lately. I find it interesting and useful in many ways. However, there is a potential to waste a lot of time there trying to argue things where the other person will never be convinced.
Other people wiser than myself may well choose to hear all voices, but I wish to maintain an environment where I find what I’m reading useful and where the people I hear from are ones where I think I could engage productively or at least enjoyably.
So I am unfollowing and blocking fairly quickly when I encounter views which I consider to indicate unbridgeable divides of opinion. Unfollow is my first step. If I wasn’t following the person previously and find something irritating they say, I will block rather than engage.
In rare instances I will engage where I think there may be a productive discussion but I won’t go into extended arguments.
  • Maintain open discussion here
However, I have long held a different view for this subreddit: I specifically want to encourage and allow dissenting voices. I wish to avoid building an echo chamber here for a multitude of reasons, but in particular because I think it’s extremely important to try to avoid having a blindspot about critical issues with the system or will drawbacks to any proposed changes.
In the framework of what I’ve discussed here, this could be seen as a combination of wanting to maintain space for understanding other views (even if we don’t change each other’s minds) as well as trying to deliberately hold open at least in some cases a willingness to change my mind. For instance, while I am strongly opposed to ever removing the 337 nillion cap, I want to allow such discussion and encourage anyone with those views to be free to express them. In other areas, like the block size cap, while I had held a stronger position toward larger blocks on principle, and still tend in that direction, some of the discussion previously here and more broadly on the other side has at least led me to more of a wait-and-see approach.
Some various concluding thoughts:
  • Difference between random vs long-term relationships and discussion.
Twitter is an example where there is generally little to no strength of relationship as a starting point. This makes any challenging discussion more difficult and less likely to be productive and is part of my hair-trigger in unfollowing and blocking.
However, in general I don’t tend to believe that in most cases a long-term relationship changes what ground is productive so much as it changes the calculation about whether one unproductive area justifies severing a connection. Necessarily those we have chosen to be part of our lives will not agree with us in everything, but there are likely to be areas not worth engaging in.
For those we have no particular prior need or desire to have in our lives, I see no reason to accept any noise.
  • Low value in one-way communication upon determining different foundation (watching videos or twitter feed, etc. upon significant disagreement)
I tend to believe that without some shared common basis, there’s not much point in taking in what’s presented by someone. This can be seen as creating one’s own echo chamber, but the more positive way I might put it is that you have to have a reason to respect what a person is saying for it to be worthwhile to listen to them. Someone whose arguments you are likely to reject almost entirely is not worth listening to in the first place, as the goal should be to get new information or listen to someone who might change your views rather than to simply suffer through for the sake of having heard what can be known in advance to be something you will reject.
  • Tie-in to views on crypto: neither dedicated pumpers nor dedicated critics are useful. Nor are we looking to bring in people who aren’t interested. So what’s left? Those who are seekers are welcome and we should look to assist with helping people get exposure and broader knowledge of strengths and weaknesses.
Weighing the various perspectives on the overall issue I’ve put together here led me to this view which is a refinement of what I’ve thought for a while. We do not want mindless fanatics. And we do not want to try to convince people who aren’t interested or those who have already decided the whole concept is worthless.
However, there is still a productive sliver left there: people who are interested in cryptocurrency but have not already set their opinions in stone. This fits in with the early mindset I had that we would want to have offering technical support as a core competency (and which is something I’ve been proud of this community doing well). This also fits into my original coin-a-day series, long defunct, trying to offer a view of the strengths and weaknesses of various cryptocurrencies. Perhaps this may be worth reviving in some form in the future, but the general concept at least fits my views here: offering a perspective to those who are looking for it, but not trying to convince anyone who has already decided and just wants to argue.
As I have been discussing here, at this point my choice is generally: I make no attempt to change someone’s mind. Occasionally I’ll make one response I expect to be futile. Twitter is not suited towards meaningful in-depth communication and there is no established relationship to anchor a difficult discussion. In closer relationships, topics simply become no-go areas.
I’ve probably swung too far towards avoidance from confrontation at this point, but I’ve got too much scar tissue from years of fruitless argument.
Some examples of aspects I collected while putting this together (twitter thread which shows a specific example of TSLA bull vs bear thesis and pointlessness of general discussion although room for discussion on one specific aspect) (twitter thread example of production conversation - starting from same point of view but slightly different knowledge) (comment about people changing their mind over time) (news and knowing what isn’t so)
submitted by coinaday to nyancoins [link] [comments]

Famous bitcoin critic Shiff regrets not having bought bitcoin for $10

Famous bitcoin critic Shiff regrets not having bought bitcoin for $10
Well-known financial expert and implacable Bitcoin critic Peter Schiff admitted that he blames himself for not buying a cryptocurrency when it cost just $10. He said about this while debating on CNBC with Anthony Pompliano, the co-founder of the crypto fund Morgan Creek Digital.
Despite it, he noted that he would not buy cryptocurrency today. He also added that he did not change his opinion that Bitcoin has no value. He is convinced that the first cryptocurrency is too volatile to be a medium of exchange. Besides, a financial expert is confident that Bitcoin will never return to its historical highs.
In turn, Pompliano said he was sure that Bitcoin and gold could be in the same portfolio, noting that "it is a little short-sighted to play for gold, but not Bitcoin."
It`s not the first time for Pompiano and Schiff to discuss cryptocurrency. So, earlier, co-founder of Morgan Creek Digital sent $100 in bitcoins to Shiff to get better acquainted with digital gold.
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submitted by Itrader_com to u/Itrader_com [link] [comments]

Subreddit Stats: badeconomics top posts from 2014-12-28 to 2015-12-26 14:40 PDT

Period: 363.19 days
Submissions Comments
Total 998 85609
Rate (per day) 2.75 234.43
Unique Redditors 240 2478
Combined Score 26803 402029

Top Submitters' Top Submissions

  1. 1933 pts, 76 submissions: u/urnbabyurn
    1. Guy praxes out why women should be virgins (66 pts, 184 comments)
    2. The Democratic POTUS primary debate thread (61 pts, 400 comments)
    3. In solidarity with reddit uprising, /badeconomics will not be the default sub in place of /economics. wumbotarian is Victoria and /praxacceptance has gone full Marxian. (59 pts, 101 comments)
    4. End of Memes! Central planning failure... (58 pts, 21 comments)
    5. Anyone else notice how quiet the economics subs get during Passover? (57 pts, 8 comments)
    6. "Once demand is high enough you don't need to lower your price" (49 pts, 73 comments)
    7. The BE reader - crowd sourcing chapters thread (49 pts, 141 comments)
    8. Feminism is responsible for stagnant wages (48 pts, 187 comments)
    9. Trade is worse than war! (44 pts, 72 comments)
    10. ELS series: we hate famous economists part 27 (44 pts, 85 comments)
  2. 1214 pts, 36 submissions: u/besttrousers
    1. Is a basic income badeconomics? No, not really. But there is a lot of badeconomics in the /basicincome FAQ (Part 1) (163 pts, 136 comments)
    2. "But companies still hire people because they have no choice but to. They need enough workers to meet the demands of the market and so they hire people. So if a layoff was to occur I'd occurred regardless of wage hike." (72 pts, 73 comments)
    3. "Piketty basically proved that r>g, which means capital tends to concentrate faster than the economy grows. This means our method of economics is destined to collapse." (58 pts, 25 comments)
    4. " The Chicago school seems to pretty much ignore money." (53 pts, 71 comments)
    5. [META] /badmathematics discusses Austrian economics (52 pts, 112 comments)
    6. Migrants respond to the market signal of high wages. They migrate, and some find jobs, and others do not. Those who do not find jobs end up on welfare rolls. Wages do not fall, and the market signal telling migrants to keep coming remains broadcasted to the world. (45 pts, 84 comments)
    7. I think I finally praxxed out why Austrians tend to be libertarians (43 pts, 36 comments)
    8. "The first paper [Diamond 1960] I have refuted, show me the damn data or go troll elsewhere.' (41 pts, 100 comments)
    9. "So again, I ask, what exactly would humans have a comparative advantage in?" (40 pts, 159 comments)
    10. The stock market has gone up ∴ we are in a bubble (38 pts, 118 comments)
  3. 1033 pts, 31 submissions: u/say_wot_again
    1. FUCK THE BABY BOOMERS!!! LOUD NOISES!!! (253 pts, 259 comments)
    2. Economics Is Too Important to Be Left to Economists (70 pts, 80 comments)
    3. Very Serious Economic Training vs. Free Trade (58 pts, 142 comments)
    4. TIL free movement of labor is a subsidy. (46 pts, 30 comments)
    5. The General Theory of Comments, Interest, and Stickies (42 pts, 25 comments)
    6. Apparently the simple act of being in New York now makes you too big to fail. (39 pts, 15 comments)
    7. Not Pictured: A credible model of macroeconomics (36 pts, 56 comments)
    8. Careful Sumner. Winter is coming. (35 pts, 71 comments)
    9. Low oil prices will lead to an oil shortage! People are batteries! And more gems. (32 pts, 51 comments)
    10. DAE live in a formalized fantasy world? (28 pts, 112 comments)
  4. 996 pts, 28 submissions: u/commentsrus
    1. User in /Politics unironically calls Integralds "Hitler" in a horrible thread about the Federal Reserve, Bitcoin, Anarcho-Marxism, and Basic Income. (202 pts, 17 comments)
    2. Kicked a girl out before sex after she started arguing that Keynesian/Hansen-Samuelson multipliers weren't real (104 pts, 68 comments)
    3. meconomist irl (85 pts, 79 comments)
    4. And the Lord Sanders sayeth unto /Politics: "There are only so many jobs we could extract from the jobs mines this year, and blessed is he who doesn't give them to immigrants." Amen. (53 pts, 91 comments)
    5. [Dank Meme] Wumbotarian's OPpR1ession (47 pts, 34 comments)
    6. How to replace the entire banking system with cryptocurrency in 3 years and what results it will bring (38 pts, 15 comments)
    7. "No European country benefits from Muslim immigration." Actually, Denmark's wages rose after an influx of Muslim refugees. "Ah yes, but no TRUE European country benefits." (38 pts, 86 comments)
    8. THIS JUST IN!! ECB Protester Josephine Witt has released a new statement regarding the excesses of the ECB (36 pts, 44 comments)
    9. Eastern Europeans are immigrating to the UK and are LITERALLY starting businesses! Call up the Jobs Patrol so we can start rationing NOW before the shelves go empty [go to 1:15] (36 pts, 31 comments)
    10. Today is Peter Schiff Day! Post all your dank Peter Schiff praxes to show solidarity. (35 pts, 54 comments)
  5. 894 pts, 29 submissions: u/wumbotarian
    1. PA Gov Tom Wolf thinks competition leads to higher prices. (84 pts, 78 comments)
    2. /socialism is praying that Venezuela "doesn't fuck up" centrally planning food distribution (76 pts, 132 comments)
    3. "Open borders? No, that's a Koch brothers proposal." (66 pts, 171 comments)
    4. Private Defense Agencies: AnCaps deny monopolies can exist (55 pts, 144 comments)
    5. "Inflation is the true opium of the masses." (47 pts, 37 comments)
    6. Angry neckbeards in /gaming don't understand how prices work in a a market economy. (44 pts, 160 comments)
    7. Bad monetary economics (42 pts, 106 comments)
    8. "You have to keep in mind that economics is a highly ideological field." (41 pts, 83 comments)
    9. WHO GETS THE BE NOMINATION? (34 pts, 227 comments)
    10. "Tax is price fixing which is known to break economies" so use Kickstarter to fund public goods instead! (33 pts, 110 comments)
  6. 857 pts, 33 submissions: u/HealthcareEconomist3
    1. [Meta] TrueReddit discusses /be (56 pts, 176 comments)
    2. [Low hanging fruit] /Futurology discusses basicincome (42 pts, 129 comments)
    3. "we have to accept the logic of 21st century capitalism is that it will constantly lower costs by adopting automation & a race to the bottom between the general working population & robots for less & less income is a road to nowhere." (42 pts, 122 comments)
    4. A superbly bad description of comparative advantage, complete failure to understand how currencies work, complete failure to understand a currency peg, absurd claim that China prints to buy up Treasuries and a complete misunderstand regarding how S/D works. (39 pts, 28 comments)
    5. High individual taxes encourage investment (39 pts, 59 comments)
    6. TPP quackery (37 pts, 50 comments)
    7. I bet about $3.50 this thread is going to be the worst econ thread of the year (36 pts, 149 comments)
    8. No title will do this thread appropriate justice (36 pts, 38 comments)
    9. 7 ways i made up a bunch of data about Switzerland (35 pts, 125 comments)
    10. Monetarism has special views on trade, economists oppose TPP, insanity about prices & competition etc (34 pts, 44 comments)
  7. 573 pts, 17 submissions: u/Jericho_Hill
    1. <-- # of Days Jericho_Hill replaces Wumbo as R1 Moderator (159 pts, 64 comments)
    2. Reward: Reddit Gold Task: Find the best badeconomics in the Bernie Sanders AMA live now (49 pts, 151 comments)
    3. In which HealthCare Economist is believed to be a covert agent of manipulation embedded by the intelligence community. (41 pts, 48 comments)
    4. All Economists believe in Trickle Down (39 pts, 120 comments)
    5. Physics isn't real science (38 pts, 17 comments)
    6. Technology = Return to Feudalism (30 pts, 29 comments)
    7. R1 Holiday contest comin' (29 pts, 79 comments)
    8. The BadEconomics Holiday Contest (29 pts, 1 comment)
    9. Unintended consequences (27 pts, 50 comments)
    10. In Which JH is called a retarded economist (22 pts, 44 comments)
  8. 487 pts, 24 submissions: u/lorentz65
    1. I like my labor lumpy and my employment serf-y. (38 pts, 27 comments)
    2. I'm audibly laughing and weeping while reading this thread. (33 pts, 75 comments)
    3. [Question] Why are the mods massive fascists? (31 pts, 32 comments)
    4. De immigranten! (29 pts, 68 comments)
    5. The poster child of badeverything. (26 pts, 39 comments)
    6. The internet exists therefore public goods don't real. QED. (26 pts, 58 comments)
    7. This sub-reddit should start doing more slam poetry (26 pts, 89 comments)
    8. We are not proselytizing enough praxbrothers! (25 pts, 60 comments)
    9. Causation goes from GDP=>everything bad. (25 pts, 40 comments)
    10. DAE Fed is a private bank! (21 pts, 22 comments)
  9. 441 pts, 7 submissions: u/Integralds
    1. Bernie Sanders' NYT Op-Ed on the Federal Reserve (234 pts, 445 comments)
    2. The Chart for /badeconomics (51 pts, 78 comments)
    3. Official Proposal for Two "Bad Economics Discussion Threads" per Week (proofs inside) (49 pts, 36 comments)
    4. List of Currencies by Realness [Public Service Announcement] (40 pts, 36 comments)
    5. I Just Spent Five Days Listening to Fox News (34 pts, 107 comments)
    6. Annual hours worked (17 pts, 19 comments)
    7. PSA: /dsge is now open for business (16 pts, 15 comments)
  10. 439 pts, 12 submissions: u/potato1
    1. Humanity is 10 cows. The economy is a butcher and/or a dairyman, and the dairyman only wants 7 of them. Jobs are when you avoid getting butchered and get milked instead. (58 pts, 36 comments)
    2. "[T]ariffs... are the only thing that allow workers here to continue making $10 an hour vs $.10 an hour because we tax imports from countries where they pay employees $.10 an hour" (52 pts, 41 comments)
    3. Law and Economics RI: "Every person on this subreddit should be aware of the Glass-Steagall act, because if it hadn't been repealed you'd be paying only 0.5% interest on your mortgage and student loans right now" (50 pts, 29 comments)
    4. Wealth is basically like character level in an MMORPG with player versus player combat, and like character level, wealth should have an absolute cap (46 pts, 210 comments)
    5. NAFTA was bad because it was bad for Detroit. Also, an increase in Americans' mean income is bad for the majority of Americans. (43 pts, 162 comments)
    6. "economist are like the Borg and don't care about regular people. They care about conglomerate entities like nations, corporations, etc. The smaller the conglomerate entity, the less of a shit economists give about it." (38 pts, 34 comments)
    7. "Why would greater productivity lead to higher wages and lower prices? There is little evidence to support that actually occurs in the real world." (36 pts, 62 comments)
    8. Printing more money causes deflation. Also, deflation is when prices of goods increase. Also, China caused the real estate bubble by "exporting deflation" though "flood[ing] the world with cheap products" (31 pts, 22 comments)
    9. This redditor has the solution for the Greek debt crisis, and indeed all economic problems across the globe: global jubilee (27 pts, 41 comments)
    10. Net Neutrality is communism. (25 pts, 88 comments)

Top Commenters

  1. u/besttrousers (30182 pts, 4648 comments)
  2. u/wumbotarian (25844 pts, 5992 comments)
  3. u/say_wot_again (17728 pts, 2805 comments)
  4. u/Integralds (15045 pts, 2290 comments)
  5. u/urnbabyurn (12655 pts, 2220 comments)
  6. u/commentsrus (11917 pts, 1969 comments)
  7. u/bdubs91 (6030 pts, 1629 comments)
  8. u/irondeepbicycle (5733 pts, 794 comments)
  9. u/-Rory- (5577 pts, 1115 comments)
  10. u/Jericho_Hill (5243 pts, 1195 comments)

Top Submissions

  1. FUCK THE BABY BOOMERS!!! LOUD NOISES!!! by u/say_wot_again (253 pts, 259 comments)
  2. Bernie Sanders' NYT Op-Ed on the Federal Reserve by u/Integralds (234 pts, 445 comments)
  3. User in /Politics unironically calls Integralds "Hitler" in a horrible thread about the Federal Reserve, Bitcoin, Anarcho-Marxism, and Basic Income. by u/commentsrus (202 pts, 17 comments)
  4. Is a basic income badeconomics? No, not really. But there is a lot of badeconomics in the /basicincome FAQ (Part 1) by u/besttrousers (163 pts, 136 comments)
  5. 10 Ways that TPP would hurt Working Families. Bernie Sanders AND the TPP, what's not to love?! by u/irondeepbicycle (160 pts, 115 comments)
  6. <-- # of Days Jericho_Hill replaces Wumbo as R1 Moderator by u/Jericho_Hill (159 pts, 64 comments)
  7. "Now that the text of the Trans-Pacific Partnership has finally been released, it is even worse than I thought." Sanders declares, hours after the release of a 1,000 odd page legal document. by u/Tiako (144 pts, 266 comments)
  8. Banks serve no social purpose, if banks didn't exist everyone could build their own house, the only reason you can't create your own money is because banks have banned it, banks are "cheeky cunts" for demanding repayment of loans, you are only an employee because you have to pay taxes, and more! by u/usrname42 (121 pts, 85 comments)
  9. "Economics teacher" explains why free trade is bad. Seems to have no idea what comparative advantage is. by u/telaisarcher1 (109 pts, 313 comments)
  10. "In the U.S., the gap stands at 64%, meaning that women earn about two-thirds of what men make for similar work." by u/wqqk (108 pts, 23 comments)

Top Comments

  1. 675 pts: u/say_wot_again's comment in FUCK THE BABY BOOMERS!!! LOUD NOISES!!!
  2. 146 pts: u/Tiako's comment in Bernie Sanders' NYT Op-Ed on the Federal Reserve
  4. 136 pts: u/besttrousers's comment in "But companies still hire people because they have no choice but to. They need enough workers to meet the demands of the market and so they hire people. So if a layoff was to occur I'd occurred regardless of wage hike."
  5. 133 pts: u/praxeologist4lyfe's comment in Don’t let the Nobel prize fool you. Economics is not a science | Joris Luyendijk
  6. 118 pts: u/Timster757's comment in "Now that the text of the Trans-Pacific Partnership has finally been released, it is even worse than I thought." Sanders declares, hours after the release of a 1,000 odd page legal document.
  7. 115 pts: u/-Rory-'s comment in Economics is an art, therefore rent controls are a good idea
  8. 107 pts: u/mberre's comment in Guys: SMBC is on to us
  9. 106 pts: u/lorentz65's comment in I finally understood different schools of economic thought
  10. 105 pts: u/HealthcareEconomist3's comment in [Low hanging fruit] /Futurology discusses basicincome
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Peter Schiff Bitcoin Debates Compilation 2019 -- Economic Collapse 2019 - Stock Market Crash . Is Bitcoin the Future of Money? Peter Schiff vs. Erik ... Peter Schiff’s team wins Bitcoin debate - YouTube The Gold vs Bitcoin Debate : Anthony Pompliano vs Peter Schiff Peter Schiff Argues w/ Bitcoin Activists in Heated Debate ...

Erik Voorhees, CEO of crypto exchange platform ShapeShift, says he originally helped Schiff get set up with a Bitcoin wallet in 2018. “Here’s what happened: after debate in 2018, we went to dinner. Peter had never used bitcoin before (!) I helped him set up wallet on his phone (Edge or BRD?), told him to secure it if he ever held ... Peter Schiff is the CEO of SEC-registered investment advisory firm Euro Pacific Capital and Chairman at gold investment company Schiffgold. Because of this, many believe that he needs to oppose Bitcoin—at least publicly—which many view as a digital competitor to the precious metal he is so invested in. In his answer to Pompliano’s tweet, Schiff explained that his son is only 18 years old ... "Bitcoin, or a similar form of cryptocurrency, will eventually replace governments' fiat money as the preferred medium of exchange" was Shapeshift CEO Defeats Peter Schiff in Bitcoin Debate - Freedoms Phoenix A Twitter survey by Bitcoin sceptic Peter Schiff indicates that around 60% of 24,500 respondents will not sell their Bitcoin even if it rises above $10k . With Bitcoin’s (BTC) value hovering just under the $10,000 threshold, Bitcoin critics have redoubled their attacks by taking advantage of the coin’s value. One such critic is Peter Schiff, a well-known Bitcoin sceptic and gold supporter ... Bitcoin skeptic Peter Schiff has admitted that holding the cryptocurrency is worthwhile — however claims it is going to “by no means” compete with fiat forex.In a tweet on Feb. 18, Schiff, effectively generally known as a fierce Bitcoin critic and longtime gold bug, “conceded” that the cryptocurrency prior to now ten years had been a profitable funding.

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Peter Schiff Bitcoin Debates Compilation 2019 -- Economic Collapse 2019 - Stock Market Crash .

Bitcoin vs Gold. Which is superior and why? Anthony Pompliano and Peter Schiff Battle it out. Who won? Did Anthony convince Peter to buy Bitcoin? For more in... On July 2, 2018, Reason and The Soho Forum hosted a debate between Erik Voorhees, the CEO of ShapeShift, and Peter Schiff, CEO and chief global strategist of... Peter Schiff's Official YouTube Channel My goal is to educate my audience about free market economics and the principals and benefits of individual liberty, ... Peter Schiff debates bitcoin bubble, bitcash, Litecoin, Ether, gold, dollar, market, blockchain, satoshi, crypto and cryptocurrency on The Heat December 19th... Is Bitcoin the Future of Money? Peter Schiff vs. Erik Voorhees Outspoken crypto critic Peter Schiff gets to stand by his results today. , Reason and The Soho Forum hosted a debate between Erik ...