3 ms·
Even better, we could adjust the rate of issue in accordance with the demand for money, thus negating the need for more than a constant, low amount of inflation
by paulmd 7y ago
Even better, we could adjust the rate of issue in accordance with the demand for money, thus negating the need for more than a constant, low amount of inflation in the first place.
We could call the entity that adjusts the rate of issue a "central bank" and they could perform this "inflation targeting" to keep the value of the currency stable through economic shocks.
- irln 7y agoEven, even better that "central bank" could choose winners and losers providing credit to certain participants eliminating the need for petty "price discovery" and creating a system where 20.5 million people can lose their job on the same day something called "the stock market" goes up 400 points...a pure "stable" utopia!