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So that provides evidence that it doesn't work?
by richcollins 14y ago
So that provides evidence that it doesn't work?
- nl 14y agoWhy would it work? As I said elsewhere: The original deflationary spiral was defined in 1933[1]. The spiral is caused by the growth in value of currency AND a decrease in velocity of circulation. Splitting bitcoins wouldn't solve either of these problems in the same way having higher denomination currency doesn't solve inflation.
- richcollins 13y agoRight so that shows that what Keynesians actually advocate is theft. They go about it the easy way, printing money instead of taking it directly.