Re:Bitcoin surges to all-time high above $1,700
by stupidhn on Tuesday May 09, 2017 @06:43PM
(#14304467)
>but can't it be argued that moderate inflation is a good thing?
Better in relation to deflation.
Money works like any other commodity; there is supply and demand. We hedge towards inflation to ensure that the currency circulates (holding it is "bad") and to ensure there is no excess demand that prevents financial transactions.
Better in relation to deflation.
Money works like any other commodity; there is supply and demand. We hedge towards inflation to ensure that the currency circulates (holding it is "bad") and to ensure there is no excess demand that prevents financial transactions.