3 votes

"I, Broken Economist": An Analysis of Gary North's economics of Bitcoin

Conceited arrogance

There is one thing that becomes apparent when reading Gary North's articles. He knows a lot. But there is also another thing that becomes apparent sometimes, in particular in his latest article on Bitcoin. He thinks he knows more than he actually knows. I can't address his article in full detail now as I'm at the Latin American Bitcoin Conference, but I thought I'd mention some core issues with his article.

Heterogeneity of a monetary system

Continue reading:


Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

gary norths argument seems

gary norths argument seems weak

Liquidity: money pays debts off.


However, transaction costs affect money instruments; Checks, American Express checques, credit cards.

The market will price the utility of an inter-continental currency in a system that verifies all transactions, eventually.

Free includes debt-free!



"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees