I've read part of the central bank's paper, and I'm appalled at the level of incomprehension of economics on the part of its authors.

These are authors who have numerous publications and are therefore recognised, and yet I facepalm non-stop at certain arguments and sentences that I find close to a syllogism.

I have the impression that, as with the Nobel Prize winners, economics is constantly demonstrating its status as a pseudo-science at the service of governments.

It's like physicists denying gravity. We've gone from "it's worth 0" to "it's worth 0 but it can hold out a little longer" to explain their prediction errors.

"Most economists argue that Bitcoin is a speculative bubble that will burst at some point.

"If supply is fixed, the price becomes exclusively dependent on demand. And if the demand were to disappear, the price would be zero."

Really?😂😂😂 geniuses

#asknostr #nostr #bitcoin