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Not proposing doing anything to Bitcoin, it's an idea for controlling the supply of a new crypto-currency. | It's deflationary property is a feature, not a fla
by joelhaus 12y ago
Not proposing doing anything to Bitcoin, it's an idea for controlling the supply of a new crypto-currency.
| It's deflationary property is a feature, not a flaw.
I studied this while getting my economics degree. Methinks you are missing some important behavioral dynamics related to interest rate interactions with consumption and investment.
Here's a lesson from the fed: http://www.philadelphiafed.org/education/teachers/resources/fed-today/Functions_and_Characteristics_of_Money_Lesson.pdf http://www.philadelphiafed.org/education/teachers/resources/...