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georgejet
Member since January 2014
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Bitcoin, Gold, and the Quantity of Mone

- Keith Weiner - Monetary Metals

Your point is well made and I fail to see how anyone can dispute the fact that due to Bitcoin's capped design, it makes itself a non viable measure of value, personally i view the market for Bitcoin as i do MLM marketing, where participants make their money selling the model to each other rather than the product itself, while adding no real value what so ever.(aka, pyramid scams)..

question..
should the printing of fiat dollars actually cause a sharp and unmanageable rate of inflation in the US, can you see the Govt. going to a two level system of green backs, one international, ie the petrodollar, and one used internally only.

Commented 3904 days ago

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Beginning of the headline :The popular view today is based on the linear Quantity Theory of Money. It seems to be common sense. If more units of a currency are issued, then the value of each unit should fall. Many people may not think of it in explicit terms, but the idea is that the value of one unit of a currency is 1/N, where N is the total money supply. If you double the money supply, then you halve the value of each currency unit. Inflation, according to this view, is either the cause—the increase in the money supply... Read More

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