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In any case, there seems to be little consideration about what the consequences would be for a currency without a central bank. If you could eliminate inflation
by Brakenshire 12y ago
In any case, there seems to be little consideration about what the consequences would be for a currency without a central bank. If you could eliminate inflation, that may well be great for some individuals, but that doesn't mean the economy will function. People who are arguing for a cryptocurrency without inflation are relying on the same economic arguments as those who want to return to the gold standard. I'm glad decisions like that are made through democratic processes for the good of the whole society and economy, not just one-dollar-one-vote by capital holders.