CUT THE RATES CUT THE RATE CUT THE RATE
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20 sats \ 6 replies \ @Undisciplined 4 Sep
End the Fed!
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21 sats \ 5 replies \ @Cje95 OP 4 Sep
I am curious to pick your mind how would you replace it? Someone has to do that job lol and Congress.... we are a mess lol
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47 sats \ 0 replies \ @fourrules 4 Sep
The truth is that governments take on this job when the liabilities that they built up in order to gain power become greater than their capacity to pay them down, and when there is another country that is trying to pay down it's liabilities by raiding the assets of other nations (e.g. WW1).
There is no necessary role for government in the monetary system, it's a desperate gambit of a failing governance system that starts grabbing control of the monetary system, because that is what their liabilities are denominated in.
If you promise to build a tower 1000 metres tall and you can decide the length of a metre, it's only natural that you will adjust the measuring stick in order to deliver on your promise.
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30 sats \ 3 replies \ @Undisciplined 4 Sep
No, it’s not a job that anyone has to do. Money has existed for most of human history as an emergent decentralized phenomenon and that money worked better than our bureaucratically managed money.
FWIW, I agree that Congress would do a worse job.
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21 sats \ 2 replies \ @Cje95 OP 4 Sep
I think 100s of years ago you would be 110% correct but now with how connected the world is and what the economy is now there needs to be someone in charge to monitor and try to stabilize/warn people about the economic situation
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30 sats \ 1 reply \ @Undisciplined 4 Sep
It’s exactly the opposite. The more complex the economy the more important it is to allow market forces to integrate the dispersed knowledge from around the world.
No one is smart enough to do that job, even if they had the best intentions (which they never will).
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42 sats \ 0 replies \ @SimpleStacker 4 Sep
Good answer
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0 sats \ 2 replies \ @Coinsreporter 4 Sep
Hang powell!
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10 sats \ 1 reply \ @SimpleStacker 4 Sep
that escalated quickly
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0 sats \ 0 replies \ @Cje95 OP 4 Sep
I know that was 0 to 100 REAL quick
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