The BC conference ended with a big elephant remaining in the room:
George Gilder: if the money supply doesn't grow with demand nobody wants to spend it and hodls it instead.
Craig: I don't have a solution - . .
(🙏 rewatch that part at the end at 9:20:20)
Post by twetch#484
Reposted
twetch#484 6.6y
No seriously. I think this is worth to be discussed properly. There were all kinds of attempts to create honest money that had a built in devaluation to promote spending.
https://mises.org/library/free-money-miracle
Please comment on this Daniel @24
What the chain says
- Block
- 623 384
- Time
- 2020-02-24T00:55:09Z
- Signer
- 1NAEPMbavmrcpAG9X1LsRZhPN4YXkgoVm6
- App
- twetch
- Type
- repost
- Content type
- text/plain
- Name in tx
- twetch#484
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
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