RE: Steem Inflation : A Tool for Efficient Creation and Effective Redistribution of Wealth

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Steem Inflation : A Tool for Efficient Creation and Effective Redistribution of Wealth

in prameshtyagi •  7 years ago 

For readers concerned about the mentioned issue of "inflation," I suggest a deep resource that will give new understanding: https://monetary-metals.com/?s=inflation

Inflation may be best understood as the "expansion of counterfeit credit." The point made by the writers and Monetary Metals is that we do not have a money system, we have an irredeemable credit system--one that requires (feature, not a bug) continued expansion of credit, also known as inflation.

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Nice one. And another way to look at it