Have a look at Maker Dai which will take over the SBDs first mover advantage (if it hasn't already)
It's not about Keynesian economics vs free market. It's about stable crypto that can bring commerce to the platform.
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"It's about stable crypto"
Nobody cares about stability if there is a price floor and there is effectively only upside.
I just like to bash at Krugman.
I haven't heard of a single vendor wanting to come to Steem but can't because of "SBD volatility". Where are all the vendors who wanted a pegged asset when it was actually pegged? This is the typical canard I hear, but where is the demand other than hypothetical?