When we think about the unmatched scarcity of Bitcoin as a monetary good (particularly after looking at @100trillionUSD's stock-to-flow model), it inevitably leads to an important question. If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral? Doesn't deflation halt economic growth and investment?
Beginning a 3 episode answer to this critically important question we start by reading Jörg Guido Hülsmann's amazing piece, available thanks to the Mises Institute:
Deflation & Liberty
https://mises.org/library/deflation-and-liberty-1
We will conclude the argument for the liberating powers of deflationary money with a Guy's Take episode breaking it all down. Subscribe and stay tuned so you don't miss it!
And to get started with eToro, our awesome sponsor for the show, click the link below:
http://go.thoughtleaders.io/1195920190731
Why is the "world's most valuable money" stagnating while everything falls apart around it? With 401k hardship withdrawals at record highs and mortgage delinquencies...
"If Bitcoin had existed in Tesla’s time, it would have removed the need for a corrupted monetary arrangement. Bitcoin mining is a permissionless and...
I was lucky enough to get the opportunity at the Bitcoin 2019 Conference to sit down with Alex Adelman, the CEO of Lolli, and...