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The inflation rate is increasing in the chart even though the article claims it is decreasing.
by victorbstan 5y ago
The inflation rate is increasing in the chart even though the article claims it is decreasing.
- phailhaus 5y agoTheir argument is that the rate of inflation itself goes down over time. But then they claim that makes the coin "deflationary", which isn't true.
- arcticbull 5y agoA rate of increase that drops over time isn't intrinsically inflationary or deflationary. It exerts inflationary pressure, but inflation is a function of both supply and velocity. We'd have to actually measure to determine. Its increase in price means you can buy more goods with it, which means it has demonstrably been insanely deflationary.