jeffemmett
/
web3
1
0
Fork 0
Code Issues Pull Requests Packages Projects Releases Wiki Activity

title fix

This commit is contained in:
EilidhRoss1 2022-07-21 17:03:11 +01:00 committed by GitHub
parent 7542fd72ab
commit b28b248b85
No known key found for this signature in database
GPG Key ID: 4AEE18F83AFDEB23
1 changed files with 3 additions and 3 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

6
claims/is-hedge-debasement.md
View File

@ -1,5 +1,5 @@
# Crypto assets are not a hedge against the "debasement" of the dollar
Crypto assets are not a hedge against the "debasement" of the dollar. This thesis is predicated on an [Austrian economics](../concepts/austrian-economics.md) reading of United States monetary policy and policy a conspiracy theories about the Federal Reserve.
# Are crypto assets a hedge against the "debasement" of the dollar?
**Crypto assets are not a hedge against the "debasement" of the dollar.** This thesis is predicated on an [Austrian economics](../concepts/austrian-economics.md) reading of United States monetary policy and policy a conspiracy theories about the Federal Reserve.
As part of the normal functioning of the dollar system, the Federal Reserve will make
[interventionist](../concepts/keynsian-economics.md) adjustments to its quantitative easing policy and interest rates with the aims of achieving dollar price stability. The economy adjusts to these changes and factors them into the pricing of goods and services and this system results in relatively predictable inflation which encourages economic growth. The use of the pejorative term "debasement" to describe the natural and principled monetary policy rests on a fallacy which presumes fringe economic theories.
@ -12,4 +12,4 @@ Crypto assets are not a hedge against these empty notions, because "debasement"
1. Binder, Carola. 2021. ‘Technopopulism and Central Banks’. SSRN Electronic Journal. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3823456.
1. Braun, Benjamin, and Daniela Gabor. 2019. ‘Central Banking, Shadow Banking, and Infrastructural Power’. https://doi.org/10.31235/osf.io/nf9ms.
1. Brennecke, Martin, Benjamin Schellinger, Nils Urbach, and Tobias Guggenberger. 2022. ‘The De-Central Bank in Decentralized Finance: A Case Study of MakerDAO’. In 55th Hawaii International Conference on System Sciences (2022). https://doi.org/10.24251/HICSS.2022.737.
1. Malloy, Matthew, and David Lowe. 2021. ‘Global Stablecoins: Monetary Policy Implementation Considerations from the U.S. Perspective’. Finance and Economics Discussion Series 2021 (020): 1–14. https://doi.org/10.17016/feds.2021.020.
1. Malloy, Matthew, and David Lowe. 2021. ‘Global Stablecoins: Monetary Policy Implementation Considerations from the U.S. Perspective’. Finance and Economics Discussion Series 2021 (020): 1–14. https://doi.org/10.17016/feds.2021.020.