On 05/29/2013 11:26 AM, Levi Pearson wrote: > Inflation and deflation speak about *prices*, not directly about > currency value. If the value of your currency goes up, then as a > result prices in terms of that currency will drop, thus deflation. If > the value of your currency goes down, prices go up, and there you have > inflation.
Speaking of economics, I know that a few pluggers are diehard libertarians. What do libertarian-mind people think of bitcoin? In some respects it's more like a gold standard in that there is a finite amount of bitcoins that can ever exist. On the other hand it is just as fictional as fiat currency. /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
