I have question for all anti-hodl crowd. If you think that people should not hold coins, then please explain me where these coins should go so nobody will hold them. To your pockets maybe? Because I fail to imagine any other place.
I think they are talking about velocity of money
this is one of those goofy things that completely zeroes out. if more coins are used as a medium of exchange instead of a store of value, then they gain utility at exactly the same rate that they lose value due to an effective increase in supply. it's Keynesian hooey. Hoarders are savers and almost all productivity gains are achieved by capital formation A.K.A. savings A.K.A. hoarding. Spending is good too, because there's no point in saving if you never spend eventually. it zeroes out. no mommy government guidance needed. No central bankster adjustments required. These people are useless at best and harmful at worst. mainstream economists are the high priests of the fiat cult. They will fade to irrelevance or meet their just deserts at the end of a rope. our grandchildren will read about them the way we read about medieval "doctors" who used leeches and phrenology.
