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Neve Farms · 2w

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?

Hanshan @Hanshan 1781492012

to turn it around,
who decides the elasticity of the credit system built on top of the fixed layer?

1

Neve Farms · 2w

The individuals/businesses demanding credit and those willing to finance it. Similar to how anything is supplied, credit is simply a tool that has a market price based off supply and demand, and the price for credit is interest rates. Which naturally would vary location to location and based on how ...