Thoughtful and worth reading.
I'll disagree with one thing, though. The apathy that most people have about their health, sovereignty, attention, security and so on are all bought with fiat money, and once that goes away, I don't think the economics work nearly as well as they do today.
Not everybody will take the orange or purple pill, of course, but enough will when the subsidization gets lower.
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The issue with the fiat system is they type of work it creates. It becomes financial iced and sedentary. A sound money system reduces the number things people are willing to purchase and increases the demand for quality goods.
Producing quality goods require time and energy, which is an inherently active process. People do real physical work and are in better shape because of it.
Thoughtful and worth reading.
I'll disagree with one thing, though. The apathy that most people have about their health, sovereignty, attention, security and so on are all bought with fiat money, and once that goes away, I don't think the economics work nearly as well as they do today.
Not everybody will take the orange or purple pill, of course, but enough will when the subsidization gets lower.
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Interesting take
I still think it’s human nature to out off your own good until something bad happens.
Even then, people will shortly return to their old habits.
I call it the Hurricane effect. After a natural disaster, like a hurricane, everyone walks out to assess damage , see who still has power, etc.
Neighbors you barely talk to a house or two down come out and you start talking, a group forms, everyone engages and has hours of conversations. This could be days or weeks in some cases. Everyone says “we should do this more often”.
But shortly after the power returns, people crawl back into their homes and life continues as it always has.
I think this applies to everything. Money, social media platforms, etc.
It requires a lifestyle change – a rewiring.
I hope you’re right though! Hopefully getting rid of fiat fixes it once and for all. Even if it takes a generation or two.
*I still think it’s human nature to PUT off your own good until something bad happens.