>Good money is money that exists to be lent out over many years for people to buy homes and to pay people to do jobs for other people. Couldn't disagree more.

>Good money is money that exists to be lent out over many years for people to buy homes and to pay people to do jobs for other people. Couldn't disagree more. Good money is money you own outright and control entirely. Before crypto this usually meant precious metals and cash. A loan is not your money, and excessive loaning and renting will quickly spiral out of control and cause inflation (like we're seeing now). Paying people a living wage and not taxing the poor to death is what actually makes an economy stronger. Debt based economies are the height of stupidity. If apps offering micro-loans for fast food isn't evidence of a total system failure then I really don't know what is. >A lot of history scholars warned this was a repeat of the Gilded Age. Rich people became richer, and poor people became poorer. Crypto made that worse. A Bitcoin will rob you like a spoon will make you fat. People made it worse. And if we're going to make appeals to historical lessons, maybe it's time to rethink the seriousness with which we treat monopoly bucks in general.