4 ms·
The article doesn't say much other than state the current reality of central banks shaping a lot of market forces in todays paradigm. I disagree and think that
by kashif 9y ago
The article doesn't say much other than state the current reality of central banks shaping a lot of market forces in todays paradigm. I disagree and think that the Central bank has inserted itself in things that economic forces would have otherwise managed anyway.
- toss1 8y agoThe history of massive boom-bust cycles before central banks says otherwise. These cycles haven't been completely eliminated, but the cycles are much more moderated than the way they were before fiscal and monetary interventions. It seems that the best would be for a currency to automatically detect the conditions needing faster or slower creation and algorithmically adjust (as they adjust the hash rate), keeping political adjustments out of it.