schmijos on Nostr: This is very nicely put! My thought were about holding vs circulating as well. The ...
This is very nicely put!
My thought were about holding vs circulating as well. The historic example I thought about was Mansa Musa of the Mali empire who caused gold inflation in Egypt on his hajj.
It‘s just that a some point holding or spending doesn‘t make a difference anymore. If there is a king (and only one) and he has all the gold, he cannot use it with his people.
My thought were about holding vs circulating as well. The historic example I thought about was Mansa Musa of the Mali empire who caused gold inflation in Egypt on his hajj.
It‘s just that a some point holding or spending doesn‘t make a difference anymore. If there is a king (and only one) and he has all the gold, he cannot use it with his people.