Post
Topic
Board Economics
Re: Finite Supply vs Steadily Increasing Supply
by
temp1029
on 10/12/2013, 11:53:26 UTC
Thanks for your response, I was hoping for responses like this to help me flesh this out (or prove me wrong).

1 is not a given.

I take number one as coming from the essential functions of money, primarily that of a "store of value".

You can't possibly define "best", much less "stable".

Agreed that I cannot define those terms from an empirical standpoint.  I should probably have worded my first premise differently.  How about this:

1) Stability in supply supports the essential functions of money

Hell, you probably can't even define currency, but that isn't important here. Smiley

I do admit to falling into the definition of money vs currency trap (if that is what you were talking about) and am not careful enough with how and where I use those terms.  Any help in better differentiating when to use one versus the other would be appreciated.

At any rate I would be interested in your definition.

At any rate, you certainly haven't tested various configurations to check their properties for bestness (whatever that is).

Correct, this is a purely hypothetical exercise based on assumptions.

Also, it does not appear to me that your conclusion follows from your argument.  You have a bait and switch thing going on.

Given my redefined first premise, do you still think so?  If so, can you explain?