In today's video I use a simple analogy to explain how I think about inflation and deflation as well as how the Steem-Backed Monetary System addresses these two economic issues that have proven problematic for every single monetary system ever created, mainly because they are still widely misunderstood by even accomplished academics.
You may notice that at one point in the video the audio shifts dramatically. Unfortunately that portion was not recorded properly and I had to use the audio retrieved by the internal microphone on one of my cameras. Still trying to get a handle on my work flow :)