> Now that the supply is debt based and abstract, it became non pragmatic to keep referencing it. Supply has been debt-based (or rather, credit-based) for deca

> Now that the supply is debt based and abstract, it became non pragmatic to keep referencing it. Supply has been debt-based (or rather, credit-based) for decades, if not at least a century. It was wrong for decades, and yet folks like Milton Friedman insisted on using this definition: * https://en.wikipedia.org/wiki/Monetarism https://en.wikipedia.org/wiki/Monetarism