4 ms·
For monetary policy to respond properly the fed has to read aggregate demand and react accordingly as quickly as possible. There are extreme incentives for the
by paddy_m 14y ago
For monetary policy to respond properly the fed has to read aggregate demand and react accordingly as quickly as possible. There are extreme incentives for the fed to keep interest rates low to encourage borrowing and economic growth, there is little encouragement to think long term and turn up the interest rates so that currency is protected.
Bitcoin may be flawed, but at least its obviously and predictably flawed. This stability should in the long run allow for much better planning on an individual level.
- JoeAltmaier 14y agoOpposite of stability, in the presence of changing demand, geometrically growing population using it for a growing number of uses.