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A comment on Cryptocurrencies Have Broken Almost All of Their Major Promises. Parent comment

Re:Cryptocurrencies Have Broken Almost All of Their Major Pr... by wbsss4412 on Wednesday June 15, 2022 @01:57PM (#31756728)
Econ 101 states that all prices are set by supply and demand.

Money doesn’t even get introduced until later.

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Re:Cryptocurrencies Have Broken Almost All of Their Major Pr... by meatbundragon on Thursday June 16, 2022 @05:45PM (#31771371)
Depends on where you took Econ 101, I guess. When I took Econ 101, it did cover monetary policy and inflation. I believe it was covered in AP Macroeconomics/Microeconomics in high school as well.
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Re:Cryptocurrencies Have Broken Almost All of Their Major Pr... by wbsss4412 on Thursday June 16, 2022 @07:36PM (#31772304)
To be transparent, I took Econ 101 over a decade ago and don’t remember.

A better way to have phrased my post is that economics fundamentally understands price levels as being driven by supply and demand, and everything else influences prices though effects on supply and demand.

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