/biz/ - Business & Finance

>>54138313
debt based fiat money doesn't manage scarcity by adam smiths invisible hand. When you centrally dictate interest rates, you set the cost of capitol, which sets all prices. This climate follow toquevilles rule where the people of the present conspire to steal from the people of the future. You get cities only livable with a car, you get the Deepstate shutting down nuclear energy because it disendears nations from the petrodollar. You get a situation where one group of people is consuming 8 generations worth of resources and launching forever wars on the other side of the planet to keep it going. The only saving grace of fiat was its supposed bust cycle to bring back real price levels, but toqueville keeps winning and the present keeps on pillaging the future (and the middle eastern oil fields) Look at the daily commute pictures, the obesity rates, the culture of make work jobs, the suicide nets on chinese factories, the violence levels in the unbanked world. I see it as taking responsibility, Hiawatha says 7 generations, the true death cult wants too keep burning crude and pretending their windmills made with cheap chinese coal will save the day