
BITCOIN & THE MONETARY REVOLUTION w/ Josh Hendrickson & William Luther
What Bitcoin Did
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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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