Principles of Liquidity | The Twilight of Gold Series | Episode 8 (WiM166)
The "What is Money?" Show
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A Home Is a Durable Consumer Good
B t c: We want to extend the length of production, not the debts. The former increases productivity and real incomes; the latter creates debt slaves. A mild deplationary system where bit coin supply goe up a quarter of a % to a % per year is perfectly capable of supporting a credit at market. Credit issuance would be subjective to a growth and productivity friendly hurtle rate. This would engender productive use of credit while suppressing wasteful reinvestment in productivity, suppressing zombes. And it's much more like the gold standard than i ever thought it would be. Peonage for the masses. Pain now or pain later.
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