Oh man, this was reassuring.

While Bitcoiners are fighting other Bitcoiners, and Saylor is slaying ("Sayl-ing") everything, it's nice to know that you can still have serious and detailed and passionate and respectable conversations about deep monetary topics.

I was mightily impressed by the event put on by BPI Norway last weekI was mightily impressed by the event put on by BPI Norway last week

Here's the BTCHEL write-up

Bitcoinpolitisk Institutt, or Bitcoin Policy Norway, organized a neat panel session at its events in Oslo’s Litteraturhuset last week. The Satoshi-samtale (“Satoshi talks”) is recorded and released as a podcast, worth listening for a deep dive into the monetary economics of Bitcoin.

“There’s a trade-off between stability and flexibility, and the monetary system we have today is very flexible but it comes with some risks, whereas a monetary system that’s closer to the old-fashioned gold standard is more stable but won’t perhaps contribute to economic growth in the same way.”

It got to all the good bits about various pros and cons of fiat and bitcoin as monetary systems (though not as much with an eye to gold as Larry White's Better Money).

Briefly going through that history, Arne suggests that “inflation is, in a way, a phenomenon of war; it’s when lots of money is printed to finance soldiers’ pay, food, canons… war is expensive.”
And what he brought to weigh on the subject was a very standard remark among the economics profession: What can be even worse than inflation is the price level change variability, “because that makes economic planning difficult.” Stable inflation is manageable since you know that the purchasing power of your money will fall by a particular, credible amount (i.e., the 2% creed), but when the change in money’s worth is unpredictable, money quickly loses its coordinating role and the monetary system turns into chaos.

Very informative, very neat little crash course in monetary economics more or less.

Finally, don't forget to subscribe to The Nordic Node for the unfiltered, unedited, full-length Den commentary on the lay of our Bitcoin Land.