It might. It would be significantly less likely. Basic economics. Unless you don’t think that most people are at least marginally rational..
> In that case, shouldn’t its price be relatively stable, and might actually even go down sometimes
That’s true only if there is no economic growth. Gold standard had a similar problem.
It might. It would be significantly less likely. Basic economics. Unless you don’t think that most people are at least marginally rational..
> In that case, shouldn’t its price be relatively stable, and might actually even go down sometimes
That’s true only if there is no economic growth. Gold standard had a similar problem.