On: Bitcoins can now be used to pay for Domino’s Pizza

[dmix]

> That's basically how the Great Depression happened

Source? I'm curious to read about that.

[wisty → dmix]

http://en.wikipedia.org/wiki/Debt_deflation

It's controversial though.

Austrians have a similar theory - that malinvestment in the boom (rather than a lack of investment in the bust) is the problem.

And then there's the mainstream neo-classicals, who say it must have been the government because the private sector can't make mistakes.