Right. The important point here is that it was the central bank (= Fed) who create the bubble by having those credit mechanisms, and now the market has to correct it.

So, why allow credit in the first place in BitCoin, when the cache itself can inflate as the economy's needs grow.

My point is, implement in BitCoin the mechanisms which allow the majority of peers to control the supply. (Not so that things would get out of control, but some leeway.)