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Creating more currency is not necessary, all that’s needed — if a single currency unit becomes too valuable because it becomes too scarce — is to increase divis
by runeks 9y ago
Creating more currency is not necessary, all that’s needed — if a single currency unit becomes too valuable because it becomes too scarce — is to increase divisibility.
- _mhr_ 9y agoWhy is increasing divisibility any better than creating more if the end result is the same?
- runeks 9y agoBecause by increasing divisibility you don’t change the distribution of wealth (how much people own relative to each other) whereas, if you create more currency, the recipient of the new coins is enriched on behalf of everyone else.