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Even then: if you take money and squirrel it away long enough in a vault then the market is essentially going to price in whether it thinks you are likely to sp
by saurik 4y ago
Even then: if you take money and squirrel it away long enough in a vault then the market is essentially going to price in whether it thinks you are likely to spend it in the near future and effectively deflate the currency a bit to give everyone more buying power... like, imagine if you instead took money and literally burned it in a fire, and then try to figure out the statistical difference on supply and demand over the next five to ten years between money burned in a fire and money whose primary purpose is as a trophy swimming pool for an aging duck.