There is no doubt crypto currency technology cooperative nature will be reflected in its impact on the Economy.
How much big on an impact will this technology have on low and middle class households? @APompliano
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who have access to government credit the earliest. By the time the market realizes that there is more money in circulation, inflation occurs. Obviously this hurts the poor and benefits the rich, as the former have fixed salaries and the latter invest in real assets.
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Inflation disproportionately hurts the poor and is one of several reasons why the rich get richer and the poor get poorer. If governments no longer have a monopoly on the money supply this arbitrary creation of money is no longer possible.
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Thus, the poor’s savings can be protected from arbitrary debasement. This doesn’t eliminate all inequality, nor should that even be the goal, but it allows anybody to save the fruits of their labor and accumulate capital across time...
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... something that is not an easy thing to do in a low-risk manner today.
End of conversation
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