Quote from: elitelongbowman on December 18, 2017, 07:53:26 AM

Quote from: xrenderman on December 15, 2017, 10:15:30 PM

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Keynesian economics is a horrible system, but so far it works the best until we have another implemented

Keynesian economics is not science, it's just form of propaganda. You receive money from government to justify big government and call this economics, ecology etc.

So you mean the Keynesian economics is not exactly as what they said because they're under control of the goverment?

Quote from: weckel on December 24, 2017, 03:23:19 PM

You hit the nail on its head, great explanation!

I'm always so fustrated when someone doesn't get the MoneySupply-Inflation that still occurs in bitcoin just at an exponentially decreasing percentage. So right know for bitcoin to keep its value it has to go up by the price percentage of the increase in supply.

So currently every 10 minutes 25 bitcoin get created which means 86400 seccond/increase in supply per second (0.042)= 2057 bitcoin per day
Now we calculate the marketvalue of those 2057 btc (2057*15000= 30 855 000 USD)

Therefore the marketcap of Bitcoin has to increase by 30 855 000 USD per day to hold its value i.e. current exchange rate.

This is equal to (30 855 000/240 000 000 000) = 0.0001285 percent of the marketcap

Quote from: Etlase2 on February 13, 2013, 12:02:36 AM

Quote from: thefiniteidea on February 12, 2013, 02:34:30 PM

2. Money Supply Inflation refers to the "fall in the purchasing value of money" part of that definition

Didn't we already go over this? Money supply inflation means there is more money in the money supply than previously. Supply on its own has nothing to do with value (in a vacuum, admittedly), it is only a quantity; only when it is combined with demand can you determine a value or price.

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Therefore, I can not agree that inflation "means the same thing as increase", as it conflicts with the "fall in the purchasing value of money" part of that definition.

So you are using the "keynesian" economic definition to make an argument? Huh

I thought this thread was about avoiding that. The gist of what people who dislike the contemporary meaning of inflation is that it is talking about an effect rather than a cause, something you have unfortunately not grasped in your posts, and really have fallen into the very trap for which the term is disliked.

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We can get to that once your interpretation of the word inflation is understood.

I am capable and willing to use my brain to derive the meaning of the word inflation from the context. Around here, that is generally frowned upon because of something a monetarist once said that was misattributed to an austrian.