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Re: by imtringued on Saturday October 29, 2022 @10:04AM (#33384138)
The entire concept behind a demurrage currency is to turn paper currency(and demand deposits) into money that always circulates and certificates of deposit into money that never circulates.

When you do that, then you can control inflation simply by controlling the supply of paper currency. Like the monetarists suggested.

Re: by neilwilson on Monday October 31, 2022 @02:42AM (#33402691)
Yet the crypto stable coins with that two part design fall apart.

Why? Because you can discount a CoD into a derivative that also then circulates.

Which is essentially what a bank does - but with a much wider selection of assets.

Eventually you realise that the solution is to embrace Full Liquidity and use a powerful buffer stock offset mechanism to create price stability.