Rick Webb ‏@RickWebb Dec 30

@rob_c_grant That is true for gold, too.

Rick Webb ‏@RickWebb Dec 30

@rob_c_grant And you're right: I meant rules consistently applied.

Rick Webb ‏@RickWebb Dec 30

@rob_c_grant I changed it to "predictable." Thanks!

Rob C. Grant ‏@rob_c_grant Dec 30

@RickWebb Sure, but how is it desirable for a currency to be inherently deflationary?

Rick Webb ‏@RickWebb Dec 30

@rob_c_grant If enough people argued the benefits of apoliticalness and predictability outweighed the drawbacks of potential deflation.

Rob C. Grant ‏@rob_c_grant Dec 30

@RickWebb What’s an example of a political action that you believe to have been inimical to the state of the money supply?

Rick Webb ‏@RickWebb Dec 30

@rob_c_grant Oh I don't have one. I'm not one of these people. I'm just explaining the value/logic of an algorithmic money supply.

Rick Webb ‏@RickWebb Dec 30

@rob_c_grant But many many people dislike human "political" meddling in the money supply.

Rick Webb ‏@RickWebb Dec 30

@rob_c_grant Seems it's as good a reason as "we'll prevent deflation" for some of the population to believe in it, which is all you need.