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Another problem we find with it is that it distorts the market. I.e. The example you mentioned about financial instruments. People are "herded" or "coerced" int
by zo1 10y ago
Another problem we find with it is that it distorts the market. I.e. The example you mentioned about financial instruments. People are "herded" or "coerced" into investing their currency/capital into such things. They simply have no other choice but to try beat the inflation that causes their capital to deflate.
And on every corner, people that accumulate wealth are vilified (see talk of inequality, and progressive taxation). If we can't accumulate wealth and pass it off to better the lives of our own offspring, then we're nothing more than insects that live, work, and eventually disappear into nothingness.