@pmarca That's not "people." That's central bankers in consultation with political masters.
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@pmarca Online karma currencies have crowd-fueled inflation lever, but usually not deflation lever.
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@vgr the capital markets are that way. As times get better, banks and lenders allow more leverage (monetary expansion) opposite in bad times -
@davealevine How big is that set? Big enough to be called a crowd? Or an oligarchy with a central banker dictator? - 14 more replies
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@pmarca I mean the direct levers, comparable to ability to issue and retire debt.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Thought experiment I made up: FB likes-dislikes economy. A dislike costs 4 likes, a like cancels a dislike. Anyone can "print" a like
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