Re:Tech experts urge Washington to resist crypto industry’s ...
by walnutclosefarm on Saturday June 04, 2022 @10:25AM
(#31620687)
Managing to a limited inflation that is close to the actual growth in the economy supporting a fiat currency, is managing the currency so that it represents a stable store of value. Managing for full employment is probably a cofactor in stability, although a less direct corollary than managing inflation.
But they don’t optimize for “stable store of value” over “full employment” or “hidden taxation through monetary inflation”.
In fact, they have the opposite goal because “the velocity of money” is negatively influenced by people using money as a store of value. Keeping money in a savings account and collecting interest is bad for society because reasons.