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124 sats \ 0 replies \ @HardMoney 14 Dec 2023 \ parent \ on: Wrong? Early? I’m Not Sure econ
The entirety of history is can kicking.
While there’s certainly problems in society right now that can be tied to bad monetary policy I think objectively humans have made technological progress and are creating efficiencies. Technological deflation is the thing allowing the cans to be kicked. We aren’t optimizing the benefits of this progress tho in a fiat and debt incentivized world (a la Jeff Booth)
Society has one big incentive to not fall into chaos (until the forces of chaos are so strong it overtakes people’s incentive to ignore it)