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by the_gastropod
2642 days ago
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Do you think 200% annual growth is sustainable? Do you think that would make for a useful currency? Why do you think economists consider low (but positive) inflation to be desirable for currencies? Do you think such growth, mixed in with sporadic 85+% drops (aka: high volatility) is a good attribute for a currency? |
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States think positive inflation is good, because it's a hidden tax that they profit from. I think 0% inflation is better for all participants.
Yes, I think growth in waves is a great start for a money. Same thing happened with salt, gold, and other commodity monies.