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97 sats \ 0 replies \ @Undisciplined 8h \ on: I should have studied economics econ
Economic cycles (presumably business cycles) are caused by artificial credit expansion. Now, that's not impossible on a bitcoin standard, as there could be lenders engaging in fractional reserve practices. However, this would be so much more transparent and limited on a bitcoin standard that I doubt it will be a big issue.
The answer about "deflationary nature" is just all kinds of wrong.
The "behavioral economics" point is kind of dumb Keynesianism.
Overall, it's an ok answer. The problem is that all AI can do is tell you what others have written and a lot of the economics field is nonsense. Garbage in, garbage out.