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By Austrian economics- you can have stable prices OR stable money. We are being scammed for the last 100 hundred years, and the price volatility one sees in Bit
by barrenko 6y ago
By Austrian economics- you can have stable prices OR stable money. We are being scammed for the last 100 hundred years, and the price volatility one sees in Bitcoin et al. is precisely the reflection of actual supply and demand constantly battling it out on the marketplace.
The fact that dollar or euro seem stable is only possible with the violent tempering of national banks and the like of IMF. They only seem stable.
Money as a measure of value for other goods is something that is crashing constantly and will continue to do so until we let go of of the crazy attempt to do so.
*no intended for you personally, just a good place to plug my two cents (pun intended)
I'd advise anyone to read some Mises or the Dao of Capital by Spitznagel, the book is whip smart and applicable to basically any endeavour.