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The Cantillon Effect explains how those closest to money creation (banks, governments, big corporations) benefit the most—while everyday people suffer from inflation.
Bitcoin flips this model: ✅ No money printer – The supply is capped at 21M. ✅ Equal access – Anyone can participate from anywhere. ✅ Decentralized issuance – No special privileges.
Imagine a world where Bitcoin is the dominant global currency:
No inflation beyond 21M BTC
Governments can’t print money to fund wars or bailouts
Interest rates set by free markets, not central banks
Would this create a golden age of economic stability? Or would the lack of monetary policy tools cause chaos in downturns? Economists, what do you think?
Monetary policy tools are the cause of business cycles, so getting rid of them won't cause chaos and downturns.
There are still other dumb ways for the state to screw up the economy, though, so we can't say it'll definitely be a golden age of economic stability.
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Yeah that too 😔. Guess it will take a long time for Bitcoin rule.
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@Undisciplined an unbiased opinion on this please?
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