Bitcoin, as one example, does a better job limiting supply and preventing inflation than its fiat alternatives.
Of course, this doesn't make the article any less of a strawman.
Bitcoin, as one example, does a better job limiting supply and preventing inflation than its fiat alternatives.
Of course, this doesn't make the article any less of a strawman.
You assume that's a plus, but most of the world acts on the opposite assumption, i.e. NAIRU-like policies. I'm not picking a side, just pointing out that you disagree with almost every expert on the planet.
The beauty of crypto is that if you don't like this feature of crypto, you don't have to use it.
Everyone gets what they want! The "experts" who prefer inflationary currency can keep using that, and people who don't want their money inflated can choose otherwise.
You do realize deflationary "currency" disincentivizes spending, right?
Like I said, the great part about crypto is that if you have personal reasons to prefer inflationary currencies you can feel free to use those instead.
And those who don't want their money inflated away, are free to choose otherwise.
Everyone wins! You can prefer inflation for your own money as much as you want. And those who don't want inflation for their own money, can choose differently.
You seem confused. Societal collapsing vs. non-societal collapsing currencies are not "personal." You're confounding preference and outcome. Deflationary "money" isn't money, which is exactly what we see in all of your experiments, exactly as predicted.
You can call it whatever you want, but the point is that you don't have to use this "deflationary money, which isn't money", and other people who do want this deflationary aspect of their money can use it though.
You can simply use your inflationary money that goes down in value, if you don't want to use deflationary "fake money", and people who instead want deflation in their "fake money", can use it because thats what those people choose to do.