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File: 21 KB, 512x512, tether-wallet-3d5e8b0f84a8b7b9-512x512.png [View same] [iqdb] [saucenao] [google]
7300369 No.7300369 [Reply] [Original]

Tether pretty much proves that monetary expansionism and keysenian economics are correct right? Their money print created liquidity and had a stimulant multiplier effect that boosted confidence and brought in new capital.

Sure crypto did bubble but it's stabilising at 8x the value it was before the print run. Who'd have guessed crypto would prove the merits of fiat currency all along.

>> No.7300385

it's not stabilizing

tether hasnt even popped yet

lol

>> No.7300440

>>7300369
If tether doesnt increase supply with increased demand the price will change.

People are so fucking retarded to thing tether is supporting anything. You can change price but you cant change value

>> No.7300506
File: 23 KB, 820x412, doing great.png [View same] [iqdb] [saucenao] [google]
7300506

>stabilizing

>> No.7300545
File: 58 KB, 480x270, eJUPtPG.jpg [View same] [iqdb] [saucenao] [google]
7300545

>>7300385
But what if currency is a spook and all we have to do is believe in it for it to work?

>> No.7300697
File: 191 KB, 653x477, sucks.jpg [View same] [iqdb] [saucenao] [google]
7300697

>>7300506
>TFW when no new Tether grants

>> No.7300706

>>7300369
Keynesian economics are only good in the short term, essentially mortgaging future prosperity for present day quick results. So if you're correct, the tether circus is a perfect example of Keynesian economics. But is it correct? Well, it helped create an overspeculation bubble and then partly had a hand in crashing it.

I'd much rather have stable growth with less drastic crashes, thanks. Then again I'm an Austrian economics guy. To each their own

>> No.7300760

Tether is to bitcoin
As bitcoin is to forex

>> No.7300788

>>7300706
Or how about just growth that actually reflects increases in wealth and productivity

>> No.7300795

>>7300706
Econ is such a retarded discipline.
>my palm reading is better than your palm reading!

>> No.7301578

>>7300788
Well that's the ideal scenario... unfortunately you'd need some kind of anarcho-socio-capitalism where there's no govt involvement, perfect competition and the populous acting like a near hivemind