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Haha, classic: (watch this embed, or go here for a much better unembeddable version) SNL’ s Obama Admits He Has ‘No Idea How Money Works,’ Tries To Explain Cuts Anyway
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Wow, this is a doozy... British terror suspects quietly stripped of citizenship… then killed by drones
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[quote user="matt_kyle"]What do you buy with it? [/quote] A better question might be 'what can't you buy with it.' For a start try: bitcoinstore.com
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[quote user="Bogart"] The solution you propose still has people "Free Riding" although not as many as before. [/quote] Not necessarily, I only used the 99% figure because most people would consider that negligible free-riding and not object to it. Most wouldn't want a single holdout farmer to stop the project or w/e. You can
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"It still isn't money yet." Buy something with it. In that instant, it is money.
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So, it begins... Dept. of Health and Human Services tells insurers there will be "zero tolerance" for telling customers why premiums are increasing. "WASHINGTON, DC – U.S. Department of Health and Human Services Secretary Kathleen Sebelius wrote America’s Health Insurance Plans (AHIP), the national association of health insurers
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It would be funny if it weren't so stupidly sad
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The free rider problem doesn't create aggressions, this is true, what it does is discourage anyone from taking part, because if they don't they may be able to freeride. It's a negative incentive. It's in the interest of anyone who can freeride to do so. So, I don't think it's an unreal problem. Friedman's treatment of it