Exactly
-
-
Replying to @gabrielferrin_ @MustStopMurad and
But I'm being a tad hyperbolic. It's different because taxes are denominated in Fiat and the processes of regulating supply is never static.
1 reply 0 retweets 0 likes -
Replying to @gabrielferrin_ @MustStopMurad and
Fiat USD is 'backed' by the requirement that every nation-state on Earth must always be buying USD in order to buy oil from Saudi Arabia. Since every country needs oil, every country needs to always be buying the 'USD dip'. This is the only 'stable currency' peg I will trust.
1 reply 0 retweets 0 likes -
Replying to @ColtonRobtoy @MustStopMurad and
That's the first type of asset backed token I'd make. But USD is also very infationary. With crypto you could create other interesting asset backed currencies or baskets of them that don't really exist yet and might be better hedges for different things.
1 reply 0 retweets 0 likes -
Replying to @gabrielferrin_ @MustStopMurad and
1/ I'm happy with 1-3% Inflation per year of USD- it incentivizes people to spend, which incentivizes people to create business, which incentivizes those businesses to create jobs.
3 replies 0 retweets 0 likes -
Replying to @ColtonRobtoy @gabrielferrin_ and
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/ …
3 replies 0 retweets 0 likes -
Replying to @MustStopMurad @gabrielferrin_ and
1/ This isn't about our unmoving Stablecoin views, so I'll respond.
1 reply 0 retweets 0 likes -
Replying to @ColtonRobtoy @MustStopMurad and
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.
1 reply 0 retweets 0 likes -
Replying to @ColtonRobtoy @MustStopMurad and
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.
1 reply 0 retweets 0 likes -
Replying to @ColtonRobtoy @MustStopMurad and
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'
1 reply 0 retweets 0 likes
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;
-
-
Replying to @MustStopMurad @ColtonRobtoy and
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.
1 reply 0 retweets 1 like -
Replying to @MustStopMurad @gabrielferrin_ and
Thank you for your Ideas, friend.
0 replies 0 retweets 1 like
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.