A deflationary economic environment is bad, but deflationary costs aren't.
The later signals collapsing demand and economic stagnation, while the former reflects innovation and increased productivity.
As for whether money should have a hard cap, I lean toward a free market approach. Let the market decide what form of money serves it best. If a hard-capped currency is what people voluntarily choose, so be it. If they prefer a form of money with predictable inflation, cool. What matters is that it isn’t imposed by fiat because true value emerges through voluntary adoption, not coercion.
I know where I stand, but accept that I may be wrong.
Nic
npub134…9qjkm
2025-05-23 17:09:18
in reply to nevent1q…j52q
Author Public Key
npub134u08yp6rdcgcamfdcra9aysvhne9wpssft8ntm9qvfu95erxdcqx9qjkmPublished at
2025-05-23 17:09:18Event JSON
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"content": "A deflationary economic environment is bad, but deflationary costs aren't.\n\nThe later signals collapsing demand and economic stagnation, while the former reflects innovation and increased productivity.\n\nAs for whether money should have a hard cap, I lean toward a free market approach. Let the market decide what form of money serves it best. If a hard-capped currency is what people voluntarily choose, so be it. If they prefer a form of money with predictable inflation, cool. What matters is that it isn’t imposed by fiat because true value emerges through voluntary adoption, not coercion.\n\nI know where I stand, but accept that I may be wrong.",
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