Re:Krugman's Baby-Sitting Co-op Explains The Design Flaw At ...
by crazygringo on Friday April 05, 2013 @04:32PM
(#5500879)
> You need to issue more currency so that the sum total of money available is equal to the sum total of value in the world. Any currency that doesn't do that fails.
That's only if you want the currency to maintain a stable value, neither inflationary nor deflationary.
Alternatively, the currency will have deflation. It's not obvious that that necessarily implies "failing".
That's only if you want the currency to maintain a stable value, neither inflationary nor deflationary.
Alternatively, the currency will have deflation. It's not obvious that that necessarily implies "failing".