User talk:Mndg

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Happy editing! Neutralitytalk 14:38, 29 April 2020 (UTC)

Note
Please take a careful look at our policies like WP:RS, WP:V, and WP:NPOV before editing further. Some of your recent edits don't conform with these community expectations. Thanks. Neutralitytalk 14:38, 29 April 2020 (UTC)

Important note regarding post-1932 politics of the United States and closely related people
Neutralitytalk 22:49, 19 May 2020 (UTC)

Bitcoin edit on Quantitative Easing
Regarding your edits, I understand your arguments about Bitcoin being a savings vehicle which could lead to capital growth. But savings doesn't produce inflation, which is the goal of Quantitative Easing. Bitcoin is more of a hedge against inflation, it doesn't create it, and neither does Bitcoin increase economic growth.

GDP growth requires both spending (consumption) and production. If everyone invested in Bitcoin, it would shrink the GDP (paradox of thrift). So that's why it was removed.

And don't get me wrong, savings is a good thing because it leads to future long term growth, but if everyone is doing it, it causes deflation.

If you ask any economist how they should increase economic growth, many would either say expansionary monetary policy or keynesianism, not Bitcoin. Sure it's just expanding the debt, but I'm sure you'r aware that laissez faire capitalism utterly ended in the 1920s, thus proving historical materialism.

And yes, a currency crisis is a real threat with these policies if this persists to end this deflation caused by technological unemployment and reduced purchasing power among the middle class.

But that's for another day. 2601:940:C000:46A0:4CF5:B49A:6C87:60FF (talk) 21:49, 22 May 2020 (UTC)

Bitcoin edit
Deflation is good. I agree. The elites despise it because they lose profits. But again, you fail to see why I'm deleting your edit. Compared to other things listed, it is irrelevant. 2601:940:C000:46A0:C68:D0D6:A543:4F4D (talk) 19:34, 14 June 2020 (UTC)