alt Hacker NewsJust because frivilous money printing is bad does not mean that a fixed supply is good. A fixed supply is a terrible property to have in a money system. It's very beneficial to have a money supply that can grow or shrink according to demand.
Just because frivilous money printing is bad does not mean that a fixed supply is good. A fixed supply is a terrible property to have in a money system. It's very beneficial to have a money supply that can grow or shrink according to demand.
This is a tough argument to engage with. Define "frivolous" when it comes to money printing. Define beneficial, and define beneficial to whom. Talk about who decides how much money to print. And you said it's beneficial to have the supply grow or shrink. We know "printing more" is how you grow the supply, but how do you shrink the supply?