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Problem is that we've had deflationary currencies, and they were terrible. People will soon find out how easy it is to manipulate a currency with limited supply
by yen223 13y ago
Problem is that we've had deflationary currencies, and they were terrible. People will soon find out how easy it is to manipulate a currency with limited supply.
- baddox 13y ago> People will soon find out how easy it is to manipulate a currency with limited supply. As opposed to inflationary government currencies, the entire point of which is to be endlessly manipulated by a central authority? I don't think the track record of those is anything to be proud of.
- lmm 13y agoThen you don't remember the gold panics. The stability of inflation of inflationary government currencies over the last few decades is nothing short of astonishing.