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what about the costs to global economic catastrophes outside of money? the livelihoods of millions are ruined, families slip into needless poverty, and people d
by ausbah 5y ago
what about the costs to global economic catastrophes outside of money? the livelihoods of millions are ruined, families slip into needless poverty, and people die. if those are the costs, I don't think just letting things "work themselves out" is worth it
- lordnacho 5y agoCatastrophes are smaller if you let them happen now and again. And localized. And you will have planned for them, because the population isn't conditioned to think the government will bail them out.
- zaphar 5y agoIt takes roughly about one generation for a population to get conditioned to think the government will bail them out. One great depression and the majority of that generation will make it their goal to get a government in place that will "bail" them out. It's humans being humans. There is no technology or legal or society you can build that won't degenerate in that way or get wholesale replaced because they are all built and used by humans.