10010b. People want custodians. Complete ownership / responsibility will scare the shit out of them. — @PareenL
In a free market, not a monopolistic one, the winning money would have as close to 0% inflation as possible. On a long term time horizon, It is simply irrational to hold a money-form whose supply can be arbitrarily increased. http://www.truthcoin.info/blog/deflation-the-last-word/ …
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1/ This isn't about our unmoving Stablecoin views, so I'll respond.
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2/ I haven't read any blogs on the topic, but the Information in my brain says I agree with that. The closer to 0% inflation, while still retaining the 'spend/invest now or lose your purchasing power' is better & better for the economy.
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3/ So if we can keep the term (Inflation/'willingness to spend/invest now or lose your purchasing power') at the same integer value as we go from Inflation=3% to Inflation = 0.1% I am a fan.
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End/ And I'm a fan because 'willingness to spend/invest now or lose your purchasing power' is exactly equal to 'rate of business/job creation'. Not in any economic definition.... But more in a 'makes sense in my brain definition'
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People would save more and invest in longer-term projects. I highly recommend Jorg Guido Hulsmann’s “The Ethics of Money Production” for this. In short, in a free market without centralized control / monopoly on money, 0% coin will always beat 3% coin;
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but people’s behavior, time preferences and, as many argue, the very fabric of culture and society will change profoundly because of a more disinflationary money supply vs. today’s ~6.2% annually expanding one.
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Thank you for your Ideas, friend.
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I think in an ideal currency, inflation would occur at the same rate as wealth creation in the system. Otherwise your currency becomes deflationary which is not ideal either. Not sure that exact mechanic is actually possible though.
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Here is my conclusion from yesterday:https://twitter.com/ColtonRobtoy/status/1021846748761927680 …
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That's good Information. Thank you.
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