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Board Economics
Re: Deflation and Bitcoin, the last word on this forum
by
Nefario
on 04/06/2011, 11:02:29 UTC
This is an argument between these two theories of economics, not bitcoin. At best bitcoin could be thought of as a modern experiment in deflation.
+1. btw. I am interested to see any interview you give to reporters (employed or unemployed).

I don't think it went well ( I could be wrong ).

But again I want to emphasise that the issue is between two schools of economics, and it's not something that's really should involve bitcoin.

Simply because you must choose either inflationary or deflationary as it is impossible to have a currency grow at the same rate as the economy (how do you know exactly how much an economy is growing without overseeing everything?).

If you want an inflationary bitcoin that has no limits nothing is stopping you, the source is there, and the set limit is (AFAIK) only a small part of the code, please go ahead and have your inflationary bitcoin.

All other currencies are inflationary, so whats wrong with having one that isn't?

But again I say, this is between the differing schools of economics, not something the bitcoin project should be bothered with.
Nefario.