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USD is also based on global oil. Inflation is a tool so not being able to use it, yes, would make things more difficult. It's a double-edged sword though as in
by andirk 4y ago
USD is also based on global oil.
Inflation is a tool so not being able to use it, yes, would make things more difficult. It's a double-edged sword though as inflation can get out of hand. BTC's scarcity ensures no one can print it out of existence.
I am also convinced that The Economy is a huge dumb emotional beast that no one fully understands. If that weren't the case, we wouldn't boom/bust constantly because we could predict accurately.