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Limit gives you value, adding more devalue currency. One of reasons of inflation. Actually one aspect of currency is storing a value, which it is not anymore w

Limit gives you value, adding more devalue currency. One of reasons of inflation. Actually one aspect of currency is storing a value, which it is not anymore with printing.

throw0101a 2y ago
> Limit gives you value, adding more devalue currency. One of reasons of inflation. Another way of creating value is through innovation, which often needs easy(er) access to capital to research, develop, and produce it: > But Inflation is not inevitable. There are numerous countervailing forces that have been at work for much of the past 50 years. The three big Deflation drivers: 1) Technology, which creates massive economies of scale, especially in digital products (e.g., Software); 2) Robotics/Automation, which efficiently create more physical goods at lower prices; and 3) Globalization and Labor Arbitrage, which sends work to lower cost regions, making goods and services less expensive. * https://ritholtz.com/2021/02/stop-stressing-about-inflation/ https://ritholtz.com/2021/02/stop-stressing-about-inflation/ A fixed money supply often leads to economic stagnation due to a lack of access to capital: * https://en.wikipedia.org/wiki/Great_Bullion_Famine https://en.wikipedia.org/wiki/Great_Bullion_Famine The stagnation was sometimes only stopped through lucky discovery of gold deposits: > Monetarists believe that the 1873 depression was caused by shortages of gold that undermined the gold standard, and that the 1848 California Gold Rush, 1886 Witwatersrand Gold Rush in South Africa and the 1896–99 Klondike Gold Rush helped alleviate such crises. * https://en.wikipedia.org/wiki/Long_Depression https://en.wikipedia.org/wiki/Long_Depression Do you want economic growth and innovation to be dependent on the amount of shiny rocks we happen to find lying about?
- t0bia_s 2y ago
  "Do you want economic growth and innovation to be dependent on the amount of shiny rocks we happen to find lying about?" Definitely not. I prefer decentralisation. People have right to exchange without interference of third party that shape value centrally.

Limit gives you value, adding more devalue currency. One of reasons of inflation. Actually one aspect of currency is storing a value, which it is not anymore with printing.

throw0101a 2y ago

> Limit gives you value, adding more devalue currency. One of reasons of inflation. Another way of creating value is through innovation, which often needs easy(er) access to capital to research, develop, and produce it: > But Inflation is not inevitable. There are numerous countervailing forces that have been at work for much of the past 50 years. The three big Deflation drivers: 1) Technology, which creates massive economies of scale, especially in digital products (e.g., Software); 2) Robotics/Automation, which efficiently create more physical goods at lower prices; and 3) Globalization and Labor Arbitrage, which sends work to lower cost regions, making goods and services less expensive. * https://ritholtz.com/2021/02/stop-stressing-about-inflation/ https://ritholtz.com/2021/02/stop-stressing-about-inflation/ A fixed money supply often leads to economic stagnation due to a lack of access to capital: * https://en.wikipedia.org/wiki/Great_Bullion_Famine https://en.wikipedia.org/wiki/Great_Bullion_Famine The stagnation was sometimes only stopped through lucky discovery of gold deposits: > Monetarists believe that the 1873 depression was caused by shortages of gold that undermined the gold standard, and that the 1848 California Gold Rush, 1886 Witwatersrand Gold Rush in South Africa and the 1896–99 Klondike Gold Rush helped alleviate such crises. * https://en.wikipedia.org/wiki/Long_Depression https://en.wikipedia.org/wiki/Long_Depression Do you want economic growth and innovation to be dependent on the amount of shiny rocks we happen to find lying about?

t0bia_s 2y ago
"Do you want economic growth and innovation to be dependent on the amount of shiny rocks we happen to find lying about?" Definitely not. I prefer decentralisation. People have right to exchange without interference of third party that shape value centrally.