Re:Bitcoin exchange rate reached $100 USD per BTC
by bigdubs on Thursday April 04, 2013 @01:06AM
(#5491082)
there are no real facts in economics, but there are some pretty easy concepts to grasp. here is another explanation:
"Inflation is bad, but deflation is worse. The reason is that in a deflationary environment, no one spends money — because whatever you want to buy is sure to become cheaper in a few days or weeks. People hoard their cash, and spend it only begrudgingly, on absolute necessities" from https://medium.com/money-banking/2b5ef79482cb
"Inflation is bad, but deflation is worse. The reason is that in a deflationary environment, no one spends money — because whatever you want to buy is sure to become cheaper in a few days or weeks. People hoard their cash, and spend it only begrudgingly, on absolute necessities" from https://medium.com/money-banking/2b5ef79482cb