imho a fixed money supply would decrease demand for money over time since no new money is being created. It would also encourage individuals into becoming value creators for a sustainable (fixed/maintained/sustained) society. With a fixed supply of currency, the wealth flows increasingly to those who are value creators as determined by the demand of the rest of humanity with 100% employment in the long run.
In response to "As David Andolfatto crisply points out, a money supply rule that does not respond to shifts in money demand generates large fluctuations in prices. And since society tends not to tolerate outright declines in wages, these fluctuations often carry over into unemployment." from the article - "The consequences of allowing a cryptocurrency takeover, or trying to head one off" found at the Financial Times website
David Andolfatto and Andrew Spewak: Whither the Price of Bitcoin? 16/01/2019 - 09:00. What are the long-run prospects of Bitcoin as an investment? The bullish case is that Bitcoin will appreciate indefinitely due to its capped supply and an ever-growing demand. The bearish case is that Bitcoin's price will fall to zero, as it's an intrinsically worthless asset. We think the future price path ... The bearish case is that Bitcoin's price will fall to zero, as it's an intrinsically worthless asset. We think the future price path is more likely to remain bounded between these two extremes. Consider first the bullish case for Bitcoin. We think this idea is too optimistic even if one grants that its supply is fixed and its demand is likely to grow. 1 The U.S. dollar price of Bitcoin will ... David Andolfatto: So good evening everyone. Ladies and gentlemen, it's a great pleasure for me to be here tonight to speak to you on the subject of bitcoin and on the nature of these virtual currencies, this virtual currency revolution that's upon us and what it portends in the way of the evolution of our money and payments system. I think that the spirit of the enterprise is aptly captured in ... A couple days ago, Fed VP David Andolfatto gave a presentation on Bitcoin. It was generally hailed as "fair and balanced" by observers. Yet, we... Although bitcoin has been a volatile asset over the short term, the long-term picture still shows a large amount of growth in the price since 2010. Bitcoin is far away from its $1200 late-2013 high, but the current price level of around $240 is still much higher than the exchange rate in 2011 or 2012. Andolfatto shared his views on bitcoin’s long-term vs short-term use as a
[index]          
St. Louis Fed Economist David Andolfatto provides a look at the evolution of money and the long tradition of new currencies competing with old ones. Here, he also discusses the bitcoin competitors ... Bitcoin surpassed $11,000 in a matter of hours after hitting the $10,000 milestone, taking this year’s price surge to almost 12-fold as buyers shrugged off increased warnings that the largest ... Bitcoin News - The value of bitcoin, a fully decentralized cryptocurrency, skyrockets, earning 24% in the last 30 days. Get your FREE Blockchain Wallet here: https://blockchain.info/wallet/#/ How ... This interview includes many great topics -Bitcoin, is it digital gold or will it be a currency -Are the federal reserve banks teaching house members about crypto, bitcoin and other alt coins ... St. Louis Fed’s David Andolfatto: Bitcoin can be a store of value: ... Bitcoin Price Analysis for Saturday, June 13 - Duration: 6:00. Libra 47 views. 6:00. Markets sell off into the close ...