LeatherMint on Nostr: Any austrian would say that a réduction in friction between econonomic actors ...

Any austrian would say that a réduction in friction between econonomic actors (faster payments) is most likely to grow the amount of transactions.

Saying that it would drive prices up or down is not necessarily true. Tho I would say it is very likely to reduce prices as it may open businesses to bigger markets and therefore more profits and therefore more growth and therefore more economies of scale.

But again, the Velocity of money is not the part where the big analizes are made other than acknowledging their is more transactions than yesterday.