
Some people think money has to be "adjusted to demand" or it can't be stable. Sounds smart. It's the kind of thing that gets you invited onto CNBC. Let's test it. A foot was 12 inches in 1913. It's 12 inches today. Nobody at the Federal Reserve of Inches holds meetings to decide how long your couch is. That's why it works. Now the dollar. "Adjusted" for over a century by a committee. It buys a small fraction of what it did in 1913. That's not a measuring stick. That's a ruler someone keeps shaving down, then lecturing you about why your house got shorter. A fixed supply doesn't break money. When demand rises, the price rises, and the saver eats instead of the printer. Elastic money is stable for exactly one group: the people holding the elastic. Stack sats. Opt out.
