Re:US Federal Reserve raises interest rates for first time s...
by paulpauper on Wednesday March 16, 2022 @04:40PM
(#30703788)
has MMT worked. it remains to be seen
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Re:US Federal Reserve raises interest rates for first time s...
by unyttigfjelltol on Wednesday March 16, 2022 @04:47PM
(#30703871)
Says the man midway through a 40-story fall from a skyscraper: "So far so good!"
Re:US Federal Reserve raises interest rates for first time s...
by birdyrooster on Wednesday March 16, 2022 @05:20PM
(#30704246)
The alternative is a static or deflationary currency. This leads to hoarding of assets which were originally intended to serve and increase commerce. Think Bitcoin. Without MMT, we would be falling from a skyscraper as you depict.
Re:US Federal Reserve raises interest rates for first time s...
by solotronics on Thursday March 17, 2022 @01:21AM
(#30707937)
Bitcoin isn't static or deflationary. There is a schedule of inflation built in via the mining reward which is currently at 1.5% until the next "halvening" where it will become 0.75%. The mining reward will continue to half every 4 years until roughly near the year 2140.
Re:US Federal Reserve raises interest rates for first time s...
by birdyrooster on Thursday March 17, 2022 @04:00PM
(#30715281)
You realize 2140 isn't that far away and that the cap is what is inflating current values (and coin hoarding) right? Just ask investors and they will tell you.
Re:US Federal Reserve raises interest rates for first time s...
by landemva on Thursday March 17, 2022 @03:40AM
(#30708574)
' deflationary currency ... leads to hoarding of assets '.
Someone owns every asset. By making it impractical to save using the fiat money, savings goes to non-fiat items like land, stocks, energy, and BTC. This harms the poor who are rarely able to escape into those non-money items.
Re:US Federal Reserve raises interest rates for first time s...
by birdyrooster on Thursday March 17, 2022 @04:02PM
(#30715298)
Every fiat currency is different. Many poor in Argentina would argue that the USD, obviously inflationary, is a good store of value.