Maybe I’ve missed something, but why should we all agree that stability of value is a the most important feature of money? I could imagine a number of different views (for example, deflationary money is useful if you want to incentivize savings, and inflationary money is useful to incentivize spending).
Maybe I’ve missed something, but why should we all agree that stability of value is a the most important feature of money? I could imagine a number of different views (for example, deflationary money is useful if you want to incentivize savings, and inflationary money is useful to incentivize spending).