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Although that would arguably put Bitcoin in the same deflation trap that led to the collapse of the gold standard. A money supply that grows more slowly than t
by mumblemumble 6y ago
Although that would arguably put Bitcoin in the same deflation trap that led to the collapse of the gold standard.
A money supply that grows more slowly than the economy that rests on top of it just might be the stuff that Malthusian dreams are made of.
- woobilicious 6y agoThe gold standard was the least of the Bretton Woods Era problems. I also wouldn't call this new fiat regime with rising property prices and stagnant wages as a "net win" over Bretton-Woods, the gold standard was probably the only thing keeping the federal spending under control, and real wage growth up.