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Governments are quite good at managing the financial system with the tools currently in use. But there is a chance that we will see change to those tools. Like
by madsbuch 5y ago
Governments are quite good at managing the financial system with the tools currently in use. But there is a chance that we will see change to those tools.
Like we previously abandoned the gold standard to get to the current system, there is a good chance, that we will need to abandon the current system to get to a post-current system to avoid a "depression-level crash".
What could be the cause for the need to abandon the current system? Well, this is where we go into the realm of prediction. But there are quite some technological tooling to outperform current economic and governmental structures. Those are currently in their infancy, but we will probably be forced to make some serious changes when they reach maturity.