
BITCOIN & THE MONETARY REVOLUTION w/ Josh Hendrickson & William Luther
What Bitcoin Did
Deflationary Money and Economic Health
This chapter examines deflationary money, particularly in relation to Bitcoin, while addressing criticisms regarding its potential negative outcomes. It distinguishes between supply-side and demand-side deflation, arguing that productive, supply-driven deflation can enhance wages and economic well-being. The discussion also analyzes the role of central banks and the implications of transitioning to a Bitcoin-based monetary system, emphasizing how inflation and deflation influence interest rates and investment behaviors.
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