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November 23, 2013

e currency. . . not bitcoin

Here is an interesting idea. Make an electronic currency that holds its true value in a deflation. To do so, it declines in nominal value. I have no idea whether the opposite happens in an inflation. That is, does it maintain its true value by increasing in nominal value? Other questions include how you measure inflation and the impact on all sorts of contracts: labor contracts, credit contracts, etc.

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