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US dollar in the 20th century was the future of money and it steadily decreased in value.
by Yizahi 9y ago
US dollar in the 20th century was the future of money and it steadily decreased in value.
- PeterisP 9y agoThe total value of US dollars in circulation steadily and rapidly increased during the 20th century as it become used as the worldwide currency in many aspects. The per-USD value was lowered (as explicitly intended) by increasing the money supply to ensure that there would be an inflationary, not deflationary regime - e.g. https://tradingeconomics.com/united-states/money-supply-m2 https://tradingeconomics.com/united-states/money-supply-m2 shows a nearly 50-fold increase of USD supply just since 1959. If LTC gains widespread adoption and utility, the total value of all LTC in circulation will unavoidably have to increase; in essence, the total circulation value (supply * velocity * value) of a currency has to match, by definition, the total value of goods and services traded in that currency. Since LTC supply is limited by technical means and can't/won't be increased (like USD), this inevitably will mean a significant value increase of each LTC.