When we think about the unmatched scarcity of Bitcoin as a monetary good (particularly after looking at @100trillionUSD's stock-to-flow model), it inevitably leads to an important question. If Bitcoin's supply is expected to be endlessly deflationary, doesn't this ensure a never ending, economy destroying downward spiral? Doesn't deflation halt economic growth and investment?
Beginning a 3 episode answer to this critically important question we start by reading Jörg Guido Hülsmann's amazing piece, available thanks to the Mises Institute:
https://mises.org/library/deflation-and-liberty-1
We will conclude the argument for the liberating powers of deflationary money with a Guy's Take episode breaking it all down. Subscribe and stay tuned so you don't miss it!
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http://go.thoughtleaders.io/1195920190731
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