4 ms·
Yes we will survive the next crisis but we will have to switch to a green crypto based currency. The Zero interest rate policy has made for ownership accounting
by acd 8y ago
Yes we will survive the next crisis but we will have to switch to a green crypto based currency. The Zero interest rate policy has made for ownership accounting errors. We will also need to consume less and make use of more recycled goods.
There is a leverage issue where young people are in debt, has less house ownership compared to older people who own lots of the assets houses, stocks and derivatives.
https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7706 https://researchbriefings.parliament.uk/ResearchBriefing/Sum...
https://i2.cdn.turner.com/money/dam/assets/170808150752-chart-stock-market-ownership-age-780x439.jpg https://i2.cdn.turner.com/money/dam/assets/170808150752-char...
There is an accounting error in the current market system of tragedy of the commons where pollutions of common assets the polluter does not pay.