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If you were to take an introductory economics course the first day would prove you wrong. Resouce scarcity combined with increasing demand means prices go up. I
by skeeter2020 5y ago
If you were to take an introductory economics course the first day would prove you wrong. Resouce scarcity combined with increasing demand means prices go up. It most certainly applies when all currencies are designed to operate in the same way because they then move in concert and there is no alternative to counter this.
- lottin 5y ago> Resouce scarcity combined with increasing demand means prices go up. And? The demand for an asset is tied to its utility. You can't just assume that the demand will continue to increase forever, but that's exactly what the notion of "deflationary asset" implies.