Most bitcoiners don't seem to understand that expansionary monetary policy AND inflation incentivize consumption while deflation incentivizes saving. Since consumption drives growth, most macroeconomists agree that some inflation is desired (2%). Once recognizing this, there can be a conversation about the authority in charge of monetary policy.
@@kevin3434343434 Then you might be interested in degrowth. I believe some smart growth is good, and if we want some growth without deflation, we need flexible money supply.
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Most bitcoiners don't seem to understand that expansionary monetary policy AND inflation incentivize consumption while deflation incentivizes saving. Since consumption drives growth, most macroeconomists agree that some inflation is desired (2%). Once recognizing this, there can be a conversation about the authority in charge of monetary policy.
No we get it, you just haven't. Mindless consumption is part of the problem. Bitcoin solves that.
@@kevin3434343434 Then you might be interested in degrowth. I believe some smart growth is good, and if we want some growth without deflation, we need flexible money supply.
Gold, silver, copper and digital gold bitcoin.