Do you see inflation rising
From: Gary Gevisser <garystevengevisser@gmail.com>Subject: Re: Do you see inflation rising ….Date: December 29, 2020 at 8:21:59 PM PSTTo: Jonathan Cheng <jonathan.cheng@wsj.com>Jonathan, I just realized you hadn’t answered my question about Diamond currency.Do you know anything about that market?
Sent from my iPhone
On Dec 29, 2020, at 7:57 PM, Jonathan Cheng <jonathan.cheng@wsj.com> wrote:
This was just for a pilot program. Think they are trying to work out the technical kinks. Don’t think they’ll be giving away money forever!
On Wed, Dec 30, 2020 at 11:48 AM Gary Gevisser <garystevengevisser@gmail.com> wrote:Jonathan, for the life of me I can’t understand why give money away for free to see if people would spend it?Am I missing something hugely basic?People have been using all sorts of gimmicks to control others, and primarily it has been the governments.Please give me a healthy dose of logic 🙂
Sent from my iPhone
On Dec 29, 2020, at 7:56 AM, Jonathan Cheng <jonathan.cheng@wsj.com> wrote:
Thanks for the e-mail Gary. I think there’s still too much uncertainty and unknown about how this new currency will actually be rolled out for us to know about the implications for inflation. Though I think the idea is that it would directly replace M0, and thus not lead to an expansion in money supply.
On Mon, Dec 28, 2020 at 10:13 PM Gary Gevisser <garystevengevisser@gmail.com> wrote:… with a digital currency that runs alongside the existing currency?Are you familiar with how Diamond currency is regulated around the globe?Thank you,Gary
Sent from my iPhone
—
Jonathan Cheng 郑子扬China Bureau Chief 中国分社社长The Wall Street Journal 华尔街日报Mobile 手机 +86-186-0005-6330E-mail 邮箱 jonathan.cheng@wsj.comTwitter/WeChat 推特/微信 @jchengwsj
—
Jonathan Cheng 郑子扬China Bureau Chief 中国分社社长The Wall Street Journal 华尔街日报Mobile 手机 +86-186-0005-6330E-mail 邮箱 jonathan.cheng@wsj.comTwitter/WeChat 推特/微信 @jchengwsj
