Good Morning 🧡
"Sound money means that monetary policy is based on objective and transparent rules, rather than on the discretion and whim of central bankers." - Judy Shelton
Although she’s not a bitcoiner I feel like this sums it up very well. What are your thoughts on this? 💬
#bitcoin #plebchain
I do agree, but besides all the transparency, it’s also important that there is a set limit of how much money can be printed. But I agree with the core statement. 🫡
Makes sense. But who decides what are "objective and transparent rules" and how is it decided? I would argue that monetary policy should based on sound principles just like Satoshi envisioned. But again the same question arises, who/how are these sound principles evaluated?
Gut feeling says: agreed. But I have no degree in economics.
