Deflation desincintivizes capital accumulation more than an easy to hedge 2-3% yearly inflation rate. Unless of course the only asset one accumulates is the currency.
A good that becomes “money” needs to be decided by the free market after competition among numerous “goods” for that title, and nothing else. Wealth will concentrate among those who have picked “correctly”. And the “best” natural form of money will emerge organically.
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The price of money is decided by the markets every second, 24/7, its price is not set by central banks, only influenced by them. You would do well in researching more about how monetary policy works. Can start here: http://www.amazon.com/Secrets-Temple-Federal-Reserve-Country/dp/0671675567 … GL
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The price of government-issued money the issuance and the underlying mechanics of which are under government’s centralized control. Cryptocurrencies challenge this status quo and introduces competition to existing forms of money. CCs are a superior form of money.
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