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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
sAt0sHiFanClub
on 13/09/2015, 17:29:11 UTC
Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency.

What economists advocated this position in 1515?

I've never come across these scholars in my actual academic work, or even the notion of economics as a discipline per se existing at that time,  so whatever you've discovered must be truly groundbreaking.

500 years? Try 2000 years - have a look at Diocletian controls over inflationary debasement of specie in the roman empire.  Not quite the same thing, but this has been an issue for a bit.

In a more contemporary context

2000 years and the fuckers still can't get it right.