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The former chief economist of the World Bank wants bitcoin banned.
However, Stiglitz, who also chaired the U.S. President's Council of Economic Advisers during the Clinton Administration, said he does support technological innovation in payments, but thinks digital money should still be fiat created and controlled by the government.
"Let’s move away from paper into the 21st century of a digital economy," he said.
The former chief economist of the World Bank wants bitcoin banned.
originally posted by: hopenotfeariswhatweneed
a reply to: neo96
So at 200 grand a year profit what will your tax bill be ?
originally posted by: gladtobehere
Bitcoin 'Ought to Be Outlawed,' Economist Joseph Stiglitz Says.
The former chief economist of the World Bank wants bitcoin banned.
However, Stiglitz, who also chaired the U.S. President's Council of Economic Advisers during the Clinton Administration, said he does support technological innovation in payments, but thinks digital money should still be fiat created and controlled by the government.
"Let’s move away from paper into the 21st century of a digital economy," he said.
More info at the link.
So let me get this straight.
This scum bag is in favor of electronic "money" so long as the money is created by the banks and forced on the people by government... ie credit and debit cards.
You slaves are getting too uppity with your cash and crypto currency transactions.
How dare you people place value on something other than fiat currency created out of thin air and backed by nothing.
Whats that, crypto currencies arent backed by anything either?
Keep in mind, our public servants have made it illegal to leave or enter the land of the stupid home of the slave with more than $10k.
But with a crypto currency, you can digitize your savings, upload it to a server, travel anywhere in the world and retrieve your money.
Cryptos = freedom.
No bank and no government can stop you.