Showing that a virtual currency is no different from any other virtual entity – very easily manipulated, as I wrote last week. Bitcoin just fell 100.00 in a matter of hours. The reality is, the whole net is a spying scam and nothing virtual is going to be a savior of anything, much less “libertarian” markets.
In this exclusive interview with Reuters’ award-winning D.C. economics correspondent, Pedro da Costa, we explore the Federal Reserve system, economic and philosophic history, “free markets,” the “third position,” the bail out and derivatives, Max Weber, and much more, as well as his award-winning report, “Club Fed: The Ties that Bind at the Federal Reserve.”
Mr. da Costa’s bio is as follows:
“Pedro da Costa has been covering economics and financial markets since 2001. He recently relocated from New York to Washington to cover the Federal Reserve and macroeconomic policy. Da Costa earned a Master’s in international relations at the University of California San Diego and studied sociology and political science as an undergraduate at the University of Chicago and the London School of Economics. He grew up in Rio de Janeiro, Brazil.”