vinney on Nostr: I never said race to "the bottom", that would be silly. It's a race to a (constantly ...

I never said race to "the bottom", that would be silly. It's a race to a (constantly shifting) equilibrium (price) between producer and consumers that changes as the interest, needs and population of the consumers change; and the capabilities, needs and population of the producers change.

"Inflation is guaranteed" in fiat with central banks. But now you're beginning to argue my point...