{"id":2439,"date":"2013-04-10T11:01:20","date_gmt":"2013-04-10T15:01:20","guid":{"rendered":"http:\/\/gabrielsnyder.com\/notes\/?p=2439"},"modified":"2013-04-10T11:01:20","modified_gmt":"2013-04-10T15:01:20","slug":"this-1998-paul-krugman-column-perfectly-explains-the-design-flaw-at-the-heart-of-bitcoin-forbes","status":"publish","type":"post","link":"http:\/\/gabrielsnyder.com\/notes\/2013\/04\/10\/this-1998-paul-krugman-column-perfectly-explains-the-design-flaw-at-the-heart-of-bitcoin-forbes\/","title":{"rendered":"This 1998 Paul Krugman Column Perfectly Explains The Design Flaw At The Heart Of Bitcoin &#8211; Forbes"},"content":{"rendered":"<p>Once the supply of Bitcoin is fixed, at some point the Bitcoinomy will run into the same problem as the baby-sitting co-op: there won\u00e2\u20ac\u2122t be enough currency, and there will be a recession, and there will be a liquidity trap.<\/p>\n<p>via <a href=\"http:\/\/www.forbes.com\/sites\/pascalemmanuelgobry\/2013\/04\/05\/krugman-baby-sitting-co-op-bitcoin\/\">This 1998 Paul Krugman Column Perfectly Explains The Design Flaw At The Heart Of Bitcoin &#8211; Forbes<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Once the supply of Bitcoin is fixed, at some point the Bitcoinomy will run into the same problem as the baby-sitting co-op: there won\u00e2\u20ac\u2122t be enough currency, and there will be a recession, and there will be a liquidity trap. via This 1998 Paul Krugman Column Perfectly Explains The Design Flaw At The Heart Of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"http:\/\/gabrielsnyder.com\/notes\/2013\/04\/10\/this-1998-paul-krugman-column-perfectly-explains-the-design-flaw-at-the-heart-of-bitcoin-forbes\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;This 1998 Paul Krugman Column Perfectly Explains The Design Flaw At The Heart Of Bitcoin &#8211; Forbes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-2439","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p2skW4-Dl","jetpack_likes_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"http:\/\/gabrielsnyder.com\/notes\/wp-json\/wp\/v2\/posts\/2439","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/gabrielsnyder.com\/notes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/gabrielsnyder.com\/notes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/gabrielsnyder.com\/notes\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/gabrielsnyder.com\/notes\/wp-json\/wp\/v2\/comments?post=2439"}],"version-history":[{"count":0,"href":"http:\/\/gabrielsnyder.com\/notes\/wp-json\/wp\/v2\/posts\/2439\/revisions"}],"wp:attachment":[{"href":"http:\/\/gabrielsnyder.com\/notes\/wp-json\/wp\/v2\/media?parent=2439"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/gabrielsnyder.com\/notes\/wp-json\/wp\/v2\/categories?post=2439"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/gabrielsnyder.com\/notes\/wp-json\/wp\/v2\/tags?post=2439"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}