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"Bitcoin doesn't lend itself to any of those Keynesian tricks." A) Monetary policy is not 'Keynesian' - and it's a handy thing, which is why everyone does it,
by alexasmyths 9y ago
"Bitcoin doesn't lend itself to any of those Keynesian tricks."
A) Monetary policy is not 'Keynesian' - and it's a handy thing, which is why everyone does it, and nobody has a perfectly hard currency.
B) BTC is not a currency, it's perfect rigidity - ironically - is what attracted many speculators in the first place, killing it's usefulness as a currency.