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Too bad power corrupts. All fiat currencies so far keep devaluing. If governments want to spend more than the rest of the economy, they should finance it via t
by danuker 4y ago
Too bad power corrupts. All fiat currencies so far keep devaluing.
If governments want to spend more than the rest of the economy, they should finance it via taxation, not inflation, which erodes people's savings.
- lamontcg 4y agoFunny how inflation numbers just dropped which show it still running hot and bitcoin started immediately tanking along with the stock market.
- danuker 4y agoThat is short-term. If BTC supply stays the same while fiat currency keeps inflating, and if people will want the same exposure to BTC, then the price of BTC will increase with the amount of fiat in existence.