5 ms·
Further, the global financial system is based on the notion of perpetual and steady (if volatile) growth. That's the core tenet of the entire system, underpinn
by headmelted 5y ago
Further, the global financial system is based on the notion of perpetual and steady (if volatile) growth. That's the core tenet of the entire system, underpinning everything from inflation to basic employment.
By implication, this requires an infinite human population on Earth on an infinite timescale.
The still very young global financial system and everything in it is and always has been a Ponzi scheme.
- Geee 5y agoExactly this. There needs to more understanding about the negative consequences of inflationary monetary system. Absolutely scarce money, i.e. bitcoin, is the only solution to this problem. Scarce money forces to innovate in order to grow.