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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.

https://charts.woobull.com/bitcoin-inflation/

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.