Dan on Nostr: Is continuing monitary inflation good ? This is what keynesian economics teaches us . ...
Is continuing monitary inflation good ? This is what keynesian economics teaches us . I say that is some of the worst bullshit propaganda ever used against humans.
I my opinion, Inflation is only acceptable at the inception and original production of a currency in order to achieve maximum spread and usage. After that, if a currency is properly divisible, it should hardly have any inflation at all. It should actually reflect deflation concurrent with human productivity advances.
Bitcoin is the perfect example of the the way an asset that backs and spawns a currency, should be ramped up. To be ultra simple, the algorithm adds a little more every 10 minutes +- and every 4 years that amount halves. Currently it is 6.25 bitcoin every 10 minutes.
I my opinion, Inflation is only acceptable at the inception and original production of a currency in order to achieve maximum spread and usage. After that, if a currency is properly divisible, it should hardly have any inflation at all. It should actually reflect deflation concurrent with human productivity advances.
Bitcoin is the perfect example of the the way an asset that backs and spawns a currency, should be ramped up. To be ultra simple, the algorithm adds a little more every 10 minutes +- and every 4 years that amount halves. Currently it is 6.25 bitcoin every 10 minutes.