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This is one hell of a take. Give me a stable financial system any day. If, by understanding, you mean, realizing that having a centralized entity with a mandat
by codyb 5y ago
This is one hell of a take. Give me a stable financial system any day.
If, by understanding, you mean, realizing that having a centralized entity with a mandate to keep inflation to stable levels so the monetary supply doesn't swing wildly in value from day to day, sure?
- End_the_Fed 5y agoStability=stasis 1:1 human relationships are unstable as it is, think about a 300M individuals megasocial group where everybody is interacting with everybody and constantly adjusting. The Fed is like the doctor who fills up the patient with cortisone and throws away the thermometer to avoid reading the temperature We need ups&downs, love&hate, forest fires and rebirths. Anestetyzing the whole process makes me wonder what are we even thinking BTC mimics nature as opposed to the Fed which mimics the arrogance of man.