Stuart Bowman on Nostr: Years ago I bought into the idea that deflationary currency was unworkable because it ...
Years ago I bought into the idea that deflationary currency was unworkable because it would make raising capital too hard—that inflationary money was a necessary evil because to do otherwise would be to set a floor on interest rates equal to the real purchasing power accrued simply by holding the currency. I would guess that this remains the number one misconception among informed, intellectually honest critics of bitcoin.
Published at
2024-04-24 05:19:51Event JSON
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