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
"To wit, we have raised the debt limit 22 times from 1997 to 2022. Yep, we’ve raised the limit 22 times in 25 years....
"Of course, “developing your own cryptosystem” is the purview of only cranks and researchers, so it was reasonably assumed that none of these “altcoins”,...
"I am illustrating the horror and simplicity of the lie. You are led to believe that you own something, but someone else secretly controls...