3 ms·
“Some level of floating currency is clearly most reasonable solution. But just how is still very open question.” I think the answer is to tie it to lifespan.
by rsync 2y ago
“Some level of floating currency is clearly most reasonable solution. But just how is still very open question.”
I think the answer is to tie it to lifespan.
How many years does it take for a family to purchase a home on the gold standard? 200? 350?
In our time, we have turned the dial so far that some families can purchase a home in five years.
So it becomes a question of expansion over time for real people - and nobody wants to live in a world where it takes 400 years to save for a house.
Perhaps, however, it should take more than five…