Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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 was thinking of Gresham's Law (aka Copernicus's Law). Sorry if I got the date wrong by a century or so; my childhood memories are beginning to fade.
