Random thought I just had:
Fiat is better than bitcoin for sparking entrepreneurship.
A perpetually devaluing shitcoin puts fire on your ass to come up with creative ways of doing new things.
Fully...
Keynes, is that you?
Seriously tho. Look into the malinvestment created by fiat. Then think about the capital that would be available for honest entrepreneurs if people weren't frantically looking for an out.
Action for the sake of action isn't inherently productive.
You can waste thousands of hours and millions in investment capital baking mud pies, and no-one is any better off.
Seriously tho. Look into the malinvestment created by fiat. Then think about the capital that would be available for honest entrepreneurs if people weren't frantically looking for an out.
Action for the sake of action isn't inherently productive.
You can waste thousands of hours and millions in investment capital baking mud pies, and no-one is any better off.
1