HanShan on Nostr: So maxis yelling about Keynes when discussing tail emission has been happening for a ...
So maxis yelling about Keynes when discussing tail emission has been happening for a while.
This is just an idea that has been repeated so much its SEEMS true.
Its not really true.
Keynes argued against arbitrary supply inflation.
Rothbard said theres no "proper" supply of money.
There is nothing inherently Keynesian about monetary supply inflation.
The Austrians would've thought an arbitrary cap on the number of monetary units was ridiculous.
Apologies to Saife, who has done more than anyone to perpetuate this dumb idea.
But the arbitrary #bitcoin supply cap is a knee jerk reactionary policy.
A wonderful meme.
It is NOT well thought-out monetary policy.
This is just an idea that has been repeated so much its SEEMS true.
Its not really true.
Keynes argued against arbitrary supply inflation.
Rothbard said theres no "proper" supply of money.
There is nothing inherently Keynesian about monetary supply inflation.
The Austrians would've thought an arbitrary cap on the number of monetary units was ridiculous.
Apologies to Saife, who has done more than anyone to perpetuate this dumb idea.
But the arbitrary #bitcoin supply cap is a knee jerk reactionary policy.
A wonderful meme.
It is NOT well thought-out monetary policy.