3 ms·
Perhaps there is some middle ground between “fixed” and “infinite”, that would allow expansion with population and economy size? Like, what we have now. I’m al
by brookst 4y ago
Perhaps there is some middle ground between “fixed” and “infinite”, that would allow expansion with population and economy size? Like, what we have now.
I’m all for debating the appropriate rate of expansion, or setting algorithms for expansion. But a fixed supply in a growing population in economy is necessarily deflationary, which is bad.
- candiodari 4y agoOk, but that's currently much less than the money supply is growing and will, if the rest of the world is any indication, turn sharply negative in, say, 10 years or so in the US. Europe's population growth is already -0.2%. Money supply growth, in the tightest central bank environment in at least a decade, is 3%. I'm pretty sure -0.2% would currently cause a disaster in the EU economy.
- ashwagary 4y agoGold isn't fixed, it has supply inflation. It seems this bill's intent is to add an element of "work" to money production. Paper and ink inventory being the current limiting factor is problematic.