Re:A quick reminder why Bitcoin was created in the first place
by honestlyreally on Tuesday August 08, 2017 @10:39PM
(#14965075)
I really can't agree with your take on inflation being a necessity for stable societies.
It's a fallacy.
Eventually developed countries hit a point where they are just chasing the next economic hit only to cause disastrous misallocation of resources. Japan went down this path decades ago, the west is next.
Reserve banks should target 0% inflation. Dividing the dollar down to 8 decimals neatly solves hoarding issues.
It's a fallacy.
Eventually developed countries hit a point where they are just chasing the next economic hit only to cause disastrous misallocation of resources. Japan went down this path decades ago, the west is next.
Reserve banks should target 0% inflation. Dividing the dollar down to 8 decimals neatly solves hoarding issues.