Prepare! What follows is a recent [Serious] post off of R/Buttcoin.
[SERIOUS] Have Bitcoiners, particularly the brigaders, ever taken even a high school or basic economics class?
Over the last few weeks with number going up and us being flooded by pro-Bitcoin users, I've seen some really dumb takes from them. They include everything from "the US government prints money out of thin air", to "Bitcoin is superior to the barter system", to "banks are bad", to "deflationary currency is good", to "non-reversibility is a good thing", and so on.
I'm not an economist, but seriously: did these people ever take an economics class in high school or college? Have they never heard of what a monetary policy is? Do they understand what inflation is? Have they never looked up the case of the Zimbabwean dollar? Have they never learned about the history of money, as in how we went from bartering to using commodities as money to using the gold standard to using the Bretton Woods system to the current system? Have they never heard about why deflation is bad (hi Japan) or how it sucks for people with debt? And finally, have they never learned in their economics class that the point of money is, well, to be spent and not hodl'd? Like the reason why some inflation is good is because it encourages spending, which boosts the economy?
The thing is, some of the concepts I brought up aren't even college-level stuff. You learn them as early as high school, especially inflation, deflation, and the history of money. That means there should be no excuse for them to not at least have a basic understanding of these concepts. Did they just forget about their economics classes or something, or did they never take them to begin with? Because if they understood or remembered any of these, they'd get why their talking points can get so wrong.
Prepare! Fabs' taking over again.
It's wild, absolutely wild, that individuals like the above are still out there en masse! They like to proclaim how intellectual and especially how in the know they are about the whole topic, yet can't be bothered to expand on any of the points they raise... Pathetic, close-minded clowns.
As sad as the above is, I hope you've been able to squeeze a laugh out of it- just like I was able to, somehow...