So it's more or less the fact that money isn't "real" the way that people want it to be...period. Live your life (and pay your bills) anyway. Krugman explains how the roller-coastering of bitcoin exemplifies this fact.
The furor over bitcoin was a useful lesson in the ways people misunderstand money — and in particular how they are misled by the desire to divorce the value of money from the society it serves.
Monday, April 15, 2013
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