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Re:Bitcoin not for me, says Bill Gates by imtringued on Friday February 26, 2021 @02:33PM (#26278849)
If you had said deflation then I would have agreed. If you want a well functioning economy with full employment then you do need a bit of inflation. The problem with the current central bank strategies is that they don't serve anyone, not even the central bank. QE and low or even negative interest rates are supply side economics. Supply side economics are becoming increasingly less relevant as globalization marches on, foreign markets expand, automation causes skill churn and the economy shifts to higher skill professions.

>While economists are talking about how good it is, everybody else is complaining about prices of everything going up.

If prices are going up that's a price signal for a growing industry. It means it becomes easier for companies to expand and thus employ more people. Of course, in practice local governments have made it almost impossible for markets to provide for basic needs like housing. It's really shocking to me how many people see a housing boom and their first response is to stop building more housing. It's like shutting an oil well down because oil has become too profitable.

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