Re:Coinbase Card
by arthurcolle on Wednesday October 28, 2020 @08:56PM
(#24925934)
"The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’ — which states that the number of potential connections in a network is proportional to the square of the number of participants — becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s."
- Paul Krugman, visionary & scholar
> even in the long run, it’s really, really hard to cut nominal wages. Yet when you have very low inflation, getting relative wages right would require that a significant number of workers take wage cuts.
Sir, do you want workers to make a fair wage? We can't have that. You should be supporting inflation.