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by dragonwriter
1705 days ago
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> inflation makes the process of economic planning extremely difficult. It doesn't, though. > If you are a business, you need to make long term production plans, and when you have no idea what the costs will be, that severly disrupts the production process Sure, but that's the effect or unpredictable price changes, not inflation. USD is inflationary, Bitcoin is deflationary, but future (short or long term) prices of other goods and services in USD have a lot less uncertainty than those in Bitcoin. Inflation is not at all the same thing as difficulty projecting future prices. |
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