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The Reserve Banks of the world are making people dumber by aiming for full employment... This means stimulating the economy and giving companies an incentive to

The Reserve Banks of the world are making people dumber by aiming for full employment... This means stimulating the economy and giving companies an incentive to create jobs which don't need to exist... Because the jobs are useless, people start to focus on increasingly menial and tedious tasks and lose their sense of pragmatism. We've all seen meetings going around in circles for hours, people arguing about tedium, coming up with bureaucratic procedures, adopting bureaucratic workflows, etc... Most people have a deeply held trust in authority and so they tend to think the problem lies within themselves rather than something wrong in their environment and so they dumb themselves down in order to normalize their situation... In order to cope with their environment, they convince themselves that what they're doing is useful and, in doing so, they start to neglect their own common sense and they gradually lose it.

googthrowaway42 6y ago
The fact that you're being downvoted is so typical of the kind of midwits that inhabit HN. People vastly underestimate (read: do not even consider) the role that vast monetary manipulation has on a society. It creates so many distortions at so many levels. People spend so much of their energy and time on earth engaging with the monetary system and when you do very extreme things to that it creates a lot of problems (many of which have to do with distorting pricing signals and staving off bankruptcy which lead to many people doing completely unproductive work while at the same time giving them the feeling that they are).
- cryptica 6y ago
  I think that the people who are downvoting me are definitely not nitwits. They are smart, but they're short term thinkers and they think that they can improve things by censoring these kinds of insights. It's not uncommon for me to get many downvotes while people replying in the comments are saying that they agree. The irony is that I don't think that our monetary system is evil. I just think it has been hacked/exploited and needs to be patched/reformed. Probably the central bankers already realize this by now. If it keeps going, even the elites will start losing purchasing power and quality of life and they won't understand why.
  - googthrowaway42 6y ago
    Midwits, not nitwits. Obviously these people are very smart in a particular sense. But yes I agree with you. The super elites with competent financial advisors will just roll over into gold or crypto.
    - cryptica 6y ago
      I didn't realize that was even a word. I guess it crept into our vocabulary for a good reason ;p
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googthrowaway42 6y ago

The fact that you're being downvoted is so typical of the kind of midwits that inhabit HN. People vastly underestimate (read: do not even consider) the role that vast monetary manipulation has on a society. It creates so many distortions at so many levels. People spend so much of their energy and time on earth engaging with the monetary system and when you do very extreme things to that it creates a lot of problems (many of which have to do with distorting pricing signals and staving off bankruptcy which lead to many people doing completely unproductive work while at the same time giving them the feeling that they are).

cryptica 6y ago
I think that the people who are downvoting me are definitely not nitwits. They are smart, but they're short term thinkers and they think that they can improve things by censoring these kinds of insights. It's not uncommon for me to get many downvotes while people replying in the comments are saying that they agree. The irony is that I don't think that our monetary system is evil. I just think it has been hacked/exploited and needs to be patched/reformed. Probably the central bankers already realize this by now. If it keeps going, even the elites will start losing purchasing power and quality of life and they won't understand why.
- googthrowaway42 6y ago
  Midwits, not nitwits. Obviously these people are very smart in a particular sense. But yes I agree with you. The super elites with competent financial advisors will just roll over into gold or crypto.
  - cryptica 6y ago
    I didn't realize that was even a word. I guess it crept into our vocabulary for a good reason ;p

deleted 6y ago

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