Money is destroyed when a loan is paid back. Private credit does not expand the monetary supply permanently. Only the state can increase the money supply.
Can you provide an example of deflation destroying an economy in history? There are many more examples of inflation destroying economies.
Bitcoin doesn’t pay interest. And that’s a good thing.
Deflation is a good thing, it rewards delayed gratification. Those evil Keynesians have convinced the world a little bit of inflation is good. It isn’t. Losing purchasing power on your money is a bug. Nothing wrong with…
Probably for the best. Humanity had a good run, but this is no longer our civilization. Your best course of action is to start ripping the copper out of the walls.
If your name is banksy, because a new banksy appearing in front of my house would increase the value of the entire block.
Money is destroyed when a loan is paid back. Private credit does not expand the monetary supply permanently. Only the state can increase the money supply.
Can you provide an example of deflation destroying an economy in history? There are many more examples of inflation destroying economies.
Bitcoin doesn’t pay interest. And that’s a good thing.
Deflation is a good thing, it rewards delayed gratification. Those evil Keynesians have convinced the world a little bit of inflation is good. It isn’t. Losing purchasing power on your money is a bug. Nothing wrong with…
Probably for the best. Humanity had a good run, but this is no longer our civilization. Your best course of action is to start ripping the copper out of the walls.
If your name is banksy, because a new banksy appearing in front of my house would increase the value of the entire block.