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Want a deflationary monetary policy? Vote for it. Technology isn't going to solve the problem for you. Also, deflationary monetary policy is insane and nobody

Want a deflationary monetary policy? Vote for it. Technology isn't going to solve the problem for you. Also, deflationary monetary policy is insane and nobody should want it. Economies grow from continuous re-investment and commerce, not from people stashing away their money and watching its value increase for no reason. edit: also, the fact that bitcoin is deflationary is entirely incidental, that was just Nakamoto's choice. It would have been just as easy to make bitcoin highly inflationary. The only thing that blockchain guarantees is that monetary policy can't ever change, which is also a thing that no sane person would ever want, there are lots of good reasons to modify the rate of inflation/deflation.

yurielt 6y ago
What mainstream candidate in the last two elections had a deflationary monetary policy? ROn Paul was the last candidate with something relatively close to that. That being said the idea that I want a deflationary policy on cash is ridiculous, but I want a deflationary policy on my semiliquid investments. BItcoin does that. >It would have been just as easy to make bitcoin highly inflationary. Yeah but then nobody would have liked it. There is definitively nothing wrong with two different kinds of cash existing in a system, one purely liquid one semiliquid. Again please do not be dishonest. There are very specific reasons that make bitcoing attractive. Acting as if electronic banking deals with what bitcoin is intended to solve, is an extremely dishonest way of framing things.