Quote
This is no longer in question by any remotely serious economist.
It was settled long ago.
Deflation destroys an economy efficiently, but yes, recessions increase the demand for money, and if one wants to completely absolve monetary issuers from their incompetence, recession could be blamed for deflation.
Luckily for the locals now trading MØ for their products will never suffer this plight because The Ideal Reserve's dynamic supply management that produces continual price stability, never a deflation.
Besides, deflation is not BTC's problem, inflation is since 2014's rate was something like 300%. If the worst scoundrels are the Fed for 2% and Venezuela for 60% then BTC is a crime almost on Zimbabwe's level.
It was settled long ago.
Deflation destroys an economy efficiently, but yes, recessions increase the demand for money, and if one wants to completely absolve monetary issuers from their incompetence, recession could be blamed for deflation.
Luckily for the locals now trading MØ for their products will never suffer this plight because The Ideal Reserve's dynamic supply management that produces continual price stability, never a deflation.
Besides, deflation is not BTC's problem, inflation is since 2014's rate was something like 300%. If the worst scoundrels are the Fed for 2% and Venezuela for 60% then BTC is a crime almost on Zimbabwe's level.
I borrow Buffet's word: “If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.”
Same here, if you don't understand who created financial crisis and who gained from all this drama, then you are the victim of their brainwash
Those economists, they have never owned one vault of gold, and they have never issued one piece of dollar, so they definitely don't understand all the gains and losses involved in all these schemes, I'd rather believe central banker John Law's word over these observers and researchers
