Post
Topic
Board Bitcoin Discussion
Re: on what condition can people have fath for bitcoin just like for gold?
by
IrishFutbol
on 20/03/2014, 15:57:15 UTC
The amount of money in a nation's money supply is crucial to the health of its economy. If there is not enough money in circulation, the economy cannot grow.

This is what we often hear from the privileged few that are allowed to create money, then loan it out and charge interest on those loans.  Of course if adding more money to the total money supply were such a good idea then allowing each of us to have our very own printing press to print out as much money as we need and just skip the loan part would be an even better idea.  I'm sure we'd have the world's economy firing on all cylinders in no time.   Smiley

There's a balance.  Too much and it's worthless.  Too little and money turns into a commodity rather than a medium of exchange.