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Replying to Avatar Hanshan

when the banks run out of money that is also money not being able to move where its needed.

we can call that "flexibility" if you prefer.

The point is if you have zero supply inflation, liquidity shocks are magnified.

there's no decentralized way to solve the problem, the best we can do is pick a small stable number to cushion liquidity shocks.

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Hanshan 22h ago

but you're right. "how quickly" isn't the most important characteristic.

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