corndalorian's avatar
corndalorian corndalorian@primal.net 4 months ago
I will see your Gresham’s Law and raise you a Thiers’ Law. 😂 My point is, these are just made up “laws” that don’t actually control anything. At best they try to describe behavior, but they aren’t actually laws at all. Do what you want with your money. You can just ignore Gresham and Thier.
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Kevin's Bacon's avatar
Kevin's Bacon _@kb.mynostr.com 4 months ago
They are true descriptions. But human action changes the game. That's how economics always works. You don't have to talk to me like I'm an unthinking redditor. Economic laws govern everything, and yet individuals govern what economic laws will apply to them at any moment. Notice that I didn't say EVERYONE will or should hoard ALL their bitcoin. I merely implied it's a natural tendency, it tends to often be the rational thing to do in current conditions for a lot of people.
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