Basic Economics


“Bitcoin miners ruined PC gaming for the sake of monopoly money”
In this fifth edition of Basic Economics, Thomas Sowell revises and updates his popular book on common sense economics, bringing the world into clearer focus through a basic understanding of the fundamental economic principles and how they explain our lives. Drawing on lively examples from around the world and from centuries of history, Sowell explains basic economic principles for the general public in plain English. Basic Economics, which has now been translated into six languages and has a…

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Top Books on Reddit in 2018 rank no. 71

“Bitcoin miners ruined PC gaming for the sake of monopoly money”(r/Shitstatistssay)

Actually don’t need to be tech-savvy, just economic-savvy(and if you’re in this sub without knowing basic economics, you get McNuked :3).

Bitcoin mining can use various types of hardware to mine(including Graphic Processing Units/GPUs, such as the GTX 1080s in the OP).

Thus, demand for GPUs has increased. What happens to prices when demand increases?

That is why OP is butthurt about Bitcoin.

^(or the shortages in case there wasn’t a price increase)

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Thomas Sowell

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Basic Books

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Basic Economics

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“Bitcoin miners ruined PC gaming for the sake of monopoly money”

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