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Monetary inflation is a major component of price inflation. See this recent article by Lyn Alden, which explains it pretty well: https://www.lynalden.com/price-
by Geee 5y ago
Monetary inflation is a major component of price inflation. See this recent article by Lyn Alden, which explains it pretty well: https://www.lynalden.com/price-signals/ https://www.lynalden.com/price-signals/
No, they are different pools of supply. Each currency has their own network effect, and building the network effect is not limitless. On the contrary, money tends to concentrate on a single or a few winners. People want to use the currency everyone else is using.
- hiq 5y agoYour link mention historical correlations that contain the impact of central bank policies, it's not clear to me how well this generalizes to a given and strict supply policy such as the one bitcoin has. > No, they are different pools of supply. I guess we'll see in the long term what happens, I'll just say that the correlations between BTC/USD and ETH/USD make it less than obvious.