Post
Topic
Board Economics
Re: Econmic Inequality
by
NotLambchop
on 29/11/2014, 17:35:01 UTC
...
yeh, i know this is "the belief". the reason why i was asking for an explanation is, that i somehow dont really agree with that belief.
i think its just a "theory" that justifies the use of inflationary currency

It's common sense.  To see if you agree, try it yourself:

1. You have 378 worthless paper dollars.  You can spend them today on a shiny new Bitcoin,* or wait until next year, when you could buy 1/2 of a Bitcoin with your 378 worthless paper dollars because inflation.
What would you do?

2. You have one shiny new Bitcoin, and, for reasons known only to statist pigs and other Keynesian, you wish to invest it in USD.  You can buy 378 dollars with it today, or wait until next year, when you could buy 756, because dollar inflation.
What would you do?

*This is a perfect, hypothetical Bitcoin, it's buying power will never go down.