Disliked{quote} Deterministic inflation is a blind bet on tomorrow's market dynamics. Inflation is not something you can decide in a free world. Your perspective is only focused on the evil side of inflation, the one created by printing money by the CBs. But inflation has also other causes that you can't control. Authorities just REACT. They can't determine shit. You can't control (in a free trade economy): - rising in the cost of rough materials, (war, oil, boom! bang!) - rising the cost of labor, - rising in the activity of unions, - falling productivity,...Ignored
it may sound like drawing conclusion for confirmation bias but these are my conclusions based on my experience in the markets and why I think something like bitcoin will be the next thing used at bottom of exters pyramid for base of value, all value will be speculative to the base which is a pure store of value against any centralized actors deciding to take advantage for personal gain.
I understand intervention does not work. I understand people have used qe for personal gains. I understand humans cannot see a few steps ahead in game theory as complex as the global economy. I understand a pure deflationary system isn’t ideal but is best against any option we have. I understand that there may be something better on the future but it will require a drastic value proposition.
we switched from trading rocks when we got precious metals but it was obvious. We switched from precious metals to rate targeted toilet paper because it was obvious (gold too heavy and not fungible), and now we switch from toilet paper to digital currency because it is obvious see above.