(this isn't about Bitcoin, but the general economy)
Why not just have inflation/deflation adjusted prices? Every week the rate is adjusted and tacked onto/off of the price of goods, services, wages, imports, and exports.
This just seems more dynamic and error-proof than controlling the money supply with the Fed buying/selling bonds.
Why not just have inflation/deflation adjusted prices? Every week the rate is adjusted and tacked onto/off of the price of goods, services, wages, imports, and exports.
This just seems more dynamic and error-proof than controlling the money supply with the Fed buying/selling bonds.
And how do you plan to make sure that every merchant follows this rule?
And how much would it cost to society to have people running around markets checking if everyone adjusted their prices correctly?
And how much extra cost would this bring to the merchants and how much of that will be charged right back at the buying party?
Profit?