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Developing OP's points to their natural conclusions and ignoring the awful math analogy: the point would be to liquify / unfreeze as much of the available wealt
by nnq 14y ago
Developing OP's points to their natural conclusions and ignoring the awful math analogy: the point would be to liquify / unfreeze as much of the available wealth as possible, to have it flow to things that could make the world a better place or solve the "big problems", right? So a strong middle class with lots of well spread discretionary income, capable to crowd-fund tons of interesting work would be the solution. Evrika! But NO... there is no reason for the liquified money to flow in the "right" directions, maybe they's all be spend on entertainment and we'll have a "brave new world" type dystopia instead, so maybe it's better to have it "frozen", because at least this way there is some control over it. ...a more interesting problem imho would be to see how money actually relates to power/control and to have an information theoretical way to quantify this power/control - this could really bring new ways to look at economy, instead of this silly economic mythology with fluid/solid money, (anti)fragile entities, enigmatic black swans floating around and other mystical creatures and forces that our analogy loving minds keep creating.