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You definitely don't need to be a Keynesian to believe that a bit of monetary inflation is a positive thing. It's quite likely that Dogecoin will still be very
by krrrh 13y ago
You definitely don't need to be a Keynesian to believe that a bit of monetary inflation is a positive thing. It's quite likely that Dogecoin will still be very deflationary if the velocity of cash flow, transaction volume increase faster than the Ð5 billion/a being added annually. Not to mention lost private keys which essentially destroy related coins forever.
- icebraining 13y agoYou definitely don't need to be a Keynesian to believe that a bit of monetary inflation is a positive thing. In fact, Dogecoin's model is a real world implementation of Milton Friedman's proposal: “We don’t need a Fed,” Milton Friedman says, twirling a letter opener as he speaks. “I have, for many years, been in favor of replacing the Fed with a computer,” he adds. Each year, it “would print out a specified number of paper dollars” to augment the money supply. “Same number, month after month, week after week, year after year.”