Re:Here’s Some Cryptocurrency. Now Please Use It
by JumpCrisscross on Tuesday July 03, 2018 @10:33AM
(#17450488)
> This is an oft-repeated falsehood
Inflation is a measure between real goods and services on one hand and a single unit of a currency on the other. It is not a measure of money supply. (For that we say “money supply”.)
Money supply increases tend to be inflationary. But that’s not a hard and fast rule. Bitcoin’s money supply is increasing, but on average it’s been deflating.
Inflation is a measure between real goods and services on one hand and a single unit of a currency on the other. It is not a measure of money supply. (For that we say “money supply”.)
Money supply increases tend to be inflationary. But that’s not a hard and fast rule. Bitcoin’s money supply is increasing, but on average it’s been deflating.