niltempus on Nostr: “A stable price level and a high and stable level of employment do not require or ...
“A stable price level and a high and stable level of employment do not require or permit the total quantity of money to be kept constant or to change at a constant rate. [...] The supply of money must possess considerable elasticity.”
– F.A. Hayek: The Denationalisation of Money
#elasticity #bitcoin #money
Published at
2024-07-12 22:29:06Event JSON
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