Yes, in a previous post I have often critiqued those that conflate capitalism with political policy (free capitalism versus state capitalism). I should not have been so broad.
Inflation incentives endless growth for businesses. The US dollar is a global currency with security guarantees which makes it a valuable currency for trade. But while inflationary based currency was great for a short term rush in gross domestic product, it has created an economic system that is not sustainable.
We have a debt to gdp ratio greater than 100% and have for years. If the debt to gdp ratio is greater than 100%, that means our loans aren’t improving the economy well enough to pay off the loans.
The incentives of an economic system backed by Bitcoin are the economic sacrifices we will have to make in a post climate climate change world, such as changes in consumer spending to incentivize saving, which unfortunately also means a decrease in luxury goods, but sucks to say those are the economic incentives we need in a post climate change world.
Not “Spend all your money quick on useless shit before inflation makes it worthless anyways”
Yes, in a previous post I have often critiqued those that conflate capitalism with political policy (free capitalism versus state capitalism). I should not have been so broad.
Inflation incentives endless growth for businesses. The US dollar is a global currency with security guarantees which makes it a valuable currency for trade. But while inflationary based currency was great for a short term rush in gross domestic product, it has created an economic system that is not sustainable.
We have a debt to gdp ratio greater than 100% and have for years. If the debt to gdp ratio is greater than 100%, that means our loans aren’t improving the economy well enough to pay off the loans.
The incentives of an economic system backed by Bitcoin are the economic sacrifices we will have to make in a post climate climate change world, such as changes in consumer spending to incentivize saving, which unfortunately also means a decrease in luxury goods, but sucks to say those are the economic incentives we need in a post climate change world.
Not “Spend all your money quick on useless shit before inflation makes it worthless anyways”