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Mamot.fr est un serveur Mastodon francophone, géré par La Quadrature du Net.

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Cory Doctorow

@theoldbeginner @JorgeStolfi @prestontumber @rvkennedy @immibis @funcrunch @kcoyle

You have missed the point: supply-constrained currency MUST fluctuate when demand changes. If you can't expand the pool of currency available when the economy grows, then the value of currency shoots up (deflation) and if you can't annihilate money when the economy shrinks, the value plummets (inflation).

The point of a central bank is to adjust monetary supply to maximize stability.