[ExI] Bitcoin

[Eugen Leitl]

On Mon, Apr 15, 2013 at 09:39:50AM -0700, Gordon wrote:

> "Animal spirits" is merely an archaic term used by Maynard Keynes to
> describe ordinary human fear and greed. Keynesian thought dominated economics
> from about WWII up until about the late 70s. Keynesian thought then fell out
> of favor, due mainly to the work of Milton Friedman and the Chicago School of
> Economics, but it has recently enjoyed a resurgence in popularity.

You're describing investment schools of thought. I was talking about how dumb 
money actually operates. These features are timeless.