Who gets to decide the supply inflation when writing the code though? And how is an elastic credit system built on top of a fixed base layer of money inherently bad?
The electric credit system isn’t bad, it’s simply regulated by a *real* interest rate and genuine savings being loaned.
Otherwise it’s either being manipulate by price controls (on interest rates) or by fraud (rehypothecation and fake backing). But there’s nothing inherently wrong with credit. It’s the fake prices, central bank manipulation, and financial fraud to fake economic signals that is bad.
Otherwise it’s either being manipulate by price controls (on interest rates) or by fraud (rehypothecation and fake backing). But there’s nothing inherently wrong with credit. It’s the fake prices, central bank manipulation, and financial fraud to fake economic signals that is bad.
2🌻1
