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RE: Why Most Economists Hate Bitcoin

in #bitcoin6 years ago (edited)

Good stuff, Heidi.
Griffin was a good place to go to understand how strings are pulled in US Inc.
Austrian economists love bitcoin and anything that provides for freedom in the market. But most other types of economists, most notably keynesians, prefer a control mechanism so they can adjust the economic factors. Some, like the Chicago Boys, aren't really Austrian, but have more in common with them than anyone else.
For the time being, BTC is inflationary. Until the last one is created, it continues to increase in quantity, which is the very definition of inflation.
The price going up due to supply/demand is price inflation.
Keep up the good work. TIMM often promotes your content through our site and social channels.

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