"However they are serving an important function which is to soak up excess liquidity. can you imagine what tthe true inflation rate would be without crypto"
Aldo,
When people buy crypto the money does not disappear. It just changes hands, in this case by going from the buyer to the seller. Only banks can make it disappear by either contracting credit or in the case of the central banks by selling assets. The amount of money in circulation is left unchanged by the transaction.
- Forums
- Economics
- Devaluation of the US dollar
"However they are serving an important function which is to soak...
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)