4 ms·
> Governments can't print more of it. I never really understood that line of reasoning. Why would one person want to reduce the ability to apply economic polic
by josalhor 6y ago
> Governments can't print more of it.
I never really understood that line of reasoning. Why would one person want to reduce the ability to apply economic policy in their country?
Certainly, you could use Gold instead of Bitcoin as a similar investment tool, right?
- bconnorwhite 6y ago"Why would one person want to reduce the ability to apply economic policy in their country?" What do you think happens to your currency when they print more of it? One problem with gold though is that we know where plenty of gold is, its just too expensive to mine. Once the price of gold rises, more gold becomes profitable to mine, supply increases, and the price goes back down.
- xapata 6y ago"They" print more every day. In the US, I think the economic stimulus has been a success this year. Trump should have spent his campaign talking about all the efforts to boost unemployment insurance benefits. He might have fared a bit better in the election.
- bconnorwhite 6y agoThe economic stimulus has certainly been a success for asset prices, in dollars...
- xapata 6y agoNot just asset prices. https://www.slowboring.com/p/the-cares-superdole-was-a-huge-success https://www.slowboring.com/p/the-cares-superdole-was-a-huge-...
- everfree 6y ago> Why would one person want to reduce the ability to apply economic policy in their country? It might not be good for the people as a whole, but preventing your money from being inflated is very good for any given person taken individually.
- chii 6y agothey have the mistaken belief that the gov't policies are either corrupt (i.e., enriching one group at the cost of another), or they are incompetent.
- mythrwy 6y agosome governments are corrupt and incompetent so that's not necessarily a mistaken belief.