The economy is when things happened and needed an explanation but never could fully describe the subject until a new theory over-ruled the old one.
There are 3 types of economic theory.
The one that created a model that never would work. The one that forecasts like weather reports and the one that hasn’t been approved until proven to be wrong.
Thanks for wasting your time reading my own theory and hopefully you may learn something.
Here, I shared my research about inflation, incentives, and some theories that I created.
Table of Content
Quantity Theory of Money
Bitcoin’s Hard Cap
Incentive vs. Inflation
Speculation vs. Investment
Categories of Assets
Fiat Currency — Inflation Investment
Stocks — Inflation Speculation
DeFi — Inflation Gambling
Gold — Incentive Investment
Cryptocurrency — Incentive Speculation
NFT — Incentive Gambling
Inflation was a public enemy №1 in the United States when President Gerald Ford declared it in 1974. Inflation measures how much more expensive a set of goods and services has become over a certain period of time, said a year. The higher the inflation rate, the higher the cost of goods and services. It will reduce your purchasing power over time and make your net worth less than in previous years. Negative inflation or…