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0 pointslottin5y ago0 comments

The fact that you don't understand monetary theory, doesn't mean economists can't figure it out. Maybe this is why developed nations haven't experienced hyperinflation in almost 100 years. And telling people that they should stop what they're doing for the sole reason that you don't understand the ramifications of their actions seems a little arrogant. I guess we also should get rid of money altogether, production and saving, in order to simplify the economy so you can finally understand it.

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yazaddaruvala5y ago· 2 in thread

lol I’m confused. Do you know how it works?

From what I can read, no one knows how it works, people just know that it works.

Without a simpler design how can I know I’m not being harmed? I think this is one question that will help drive people to adopt a denationalized currency.

lottinOP5y ago

Do I know how works what? The monetary system? The economy? The idea that a simpler design will help people like you avoid getting scammed is hilarious considering that you have already fallen for the biggest and most blatant scam of all which is bitcoin. Central banks are not there to rip you off, they have other concerns. And the wholesale adoption of bitcoin as unlikely as it is would definitely harm you in a way that you can't even imagine. Do some research on the gold standard, the problems it had and the reasons it was abandoned.

yazaddaruvala5y ago

:( its become clear to me you're not having this conversation in good faith. I apologize that I wasted your time.

FWIW, I do not own any BTC or other crypto coins.

P.S. I highly recommend you research MMT. I think you'll find that no-one (including the most experienced economists) understands the details of how the emergent property works, they only understand that it works.

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