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Says the man midway through a 40-story fall from a skyscraper: "So far so good!"

• birdyrooster 5y ago
  The alternative is a static or deflationary currency. This leads to hoarding of assets which were originally intended to serve and increase commerce. Think Bitcoin. Without MMT, we would be falling from a skyscraper as you depict.
  • solotronics 5y ago
    Bitcoin isn't static or deflationary. There is a schedule of inflation built in via the mining reward which is currently at 1.5% until the next "halvening" where it will become 0.75%. The mining reward will continue to half every 4 years until roughly near the year 2140. https://charts.woobull.com/bitcoin-inflation/ https://charts.woobull.com/bitcoin-inflation/
    • birdyrooster 5y ago
      You realize 2140 isn't that far away and that the cap is what is inflating current values (and coin hoarding) right? Just ask investors and they will tell you.
  • landemva 5y ago
    ' deflationary currency ... leads to hoarding of assets '. Someone owns every asset. By making it impractical to save using the fiat money, savings goes to non-fiat items like land, stocks, energy, and BTC. This harms the poor who are rarely able to escape into those non-money items.
    • birdyrooster 5y ago
      Every fiat currency is different. Many poor in Argentina would argue that the USD, obviously inflationary, is a good store of value.