13 ms·
Yes, they should be. Bonds-only is a great system. There is far too much inertia/permenance in development currently. Lot's of empiracle research like https://
by Ericson2314 4y ago
Yes, they should be. Bonds-only is a great system.
There is far too much inertia/permenance in development currently. Lot's of empiracle research like https://cepr.org/voxeu/columns/missionaries-human-capital-transmission-and-economic-persistence-south-america https://cepr.org/voxeu/columns/missionaries-human-capital-tr... on this.
This is a design flaw. We should design economic systems that have less permanent state to remedy this.
- rvba 4y agoSo who should own the means od production? Vladimir Lenin?
- Ericson2314 4y agoThings don't need to be owned! Which do you like better --- worker-controlled coops or state/everyone-controlled companies? I am fine with either or an interpolation between them. This isn't some hippy-dippy thing, there would be a robust and healthy bond market to capitalize these institutions.