"If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral?"
Today we conclude with Part 2, Hulsmann's incredible work on the consequences and nature of deflation and what it means for liberty.
Continuing a 3 episode answer to this critically important question we finish 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!
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"This decision, which is legally sound, has the effect of declaring all private mortgages on real and personal property, and all U.S. and State...
"Distorting supply only serves to distort a currency’s ability to perform its job of storing and communicating value; it can’t make a currency more...
"To put it into perspective, this international monetary system based around centrally-managed fiat currency is only 16 years older than me. My father was...