"inflation is economically useful" is not proven (and at high levels is destructive and demotivating - look at socialist countries that blow up from hyperinflat

"inflation is economically useful" is not proven (and at high levels is destructive and demotivating - look at socialist countries that blow up from hyperinflation and have no productivity) - its just the status quo. The idea that people dont spend in a stagnant/deflationary monetary environment is nonsense. People still want above average returns (investment) and will still spend on necessities and non necessities. Im not sure of the rant you're going on. There is no argument that the govt is adopting bitcoin over the dollar. Its a private value store that can be transacted with as they wish. -- Posting my response to below here since I hit a max: Thats a perception and its not econ 101. If you take the feds balance sheet and divide it by the SPY, its flat over the past 10 years. Inflation does not drive growth. Production in the US is not up. Only the numbers are. Zimbabwe stock market is a top performer. Their production is trash. You could make the argument were in the drowning phase as deficits widen relentlessly and asset prices are going parabolic. I have heard basically nobody suggest the US govt is going to adopt bitcoin as the standard currency. Value store is the dominant narrative.