Post
Topic
Board Economics
Re: Fundamental Analysis of BTC, is BTC overvalued?
by
MoonShadow
on 26/05/2011, 05:31:09 UTC

Ok, if you want to get into monetary policy, then sure, the Fed is responsible for the amount of circulation.  They increase or decrease the amount based on a number of factors, but ultimately the GDP, i.e. the collective work of the US.  So yeah, your work creates dollars.

No, that work creates value that gives the dollars meaning.