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Making them deflationary is more of a political statement than anything else I think. The crypto-currency crowd has this libertarian streak and of course those
by Asdfbla 9y ago
Making them deflationary is more of a political statement than anything else I think. The crypto-currency crowd has this libertarian streak and of course those people believe that inflation is the devil, used by governments and banks to rob productive businessmen of their hard earned money.
- aceon48 9y agoand it's not? Inflation harms fixed wage earners and pensioners far worse than "businessmen"
- cromwellian 9y agoDeflation also helps creditors and hurts those in debt, so it swings both ways. Often the Libertarian/Austrian-econ crowd posits a false choice between deflation and hyperinflation, both are bad, and ignores the third option which is an inflation rate that's non-zero, but low and stable.