pipe on Nostr: I regularly see people equate inflation with price increases. If prices going up were ...
I regularly see people equate inflation with price increases. If prices going up were the problem, the solution would be price caps.
Instead, Bitcoin caps the supply of money and regulates the expansion of the monetary supply. This does not guarantee that prices stabilize because money already in existence can be redirected or change hands faster.
Published at
2023-08-17 06:40:30Event JSON
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"content": "I regularly see people equate inflation with price increases. If prices going up were the problem, the solution would be price caps.\n\nInstead, Bitcoin caps the supply of money and regulates the expansion of the monetary supply. This does not guarantee that prices stabilize because money already in existence can be redirected or change hands faster.",
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