Hanshan on Nostr: The whole "you're a dirty Keynesian if you support tail emission" has really got to ...

The whole "you're a dirty Keynesian if you support tail emission" has really got to die.

For one, it's just inaccurate. John Maynard Keynes supported centralized economic organization, not monetary expansion.

Two, Austrians generally support a gold standard, more inflationary than any suggested tail emission.

There's other reasons too, but basically
you're not some hardcore Austrian because you're a Bitcoin Maxi, you're just advocating for a monetary experiment that nobody knows the result of.
#bitcoin #monero

quoting
nevent1q…zghc

To each their own.

We have had the "a hard cap is a design flaw and creates bad incentives" debate plenty of times and it always ends up with us agreeing to disagree.

You claiming this is just like the keynesians saying “inflation is a good thing”. Fundamental difference in economic theory. We have tried to Keynesian experiment and currently operate under a fiat monetary system that is fundamentally broken.

I choose to follow the Austrian school and do not think a hard capped currency creates bad incentives. You claim that savings and having to think hard about what we spend our money on is a bad thing 🤣

Again we can agree to disagree. I generally like engaging with you but lately you are very irritable.

I am not constantly upset. Just very frustrated by the monero people on here