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Politics : View from the Center and Left

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To: cosmicforce who wrote (480167)	9/27/2021 8:22:36 PM
From: neolib	Read Replies (1) of 541140

BTW, the thing that most interests me about crypto is something I have never understood in our Fed Res monetary system: The Feds for some reason bow down before 2% inflation. I've never understood why exactly. Now bitcoin comes along and with its fixed cap of total possible coins at infinity is a huge deflationary monetary system. Why aren't there scads of academic papers looking at this contrast? How can it be that both a system of 2% inflation target, and the printing of money to achieve that can work while its claimed that a system with a finite number of coins could also work? Something is badly off here. There should be some theoretical basis for what sort of inflation or deflation is optimal for a monetary system. What is it?

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