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250 sats \ 2 replies \ @tomlaies 12 Mar \ on: Tough Questions for Libertarians 1/15 libertarian
Yes, they're similar.
- Climate change is a big problem for humanity, central banking with fiat are a big problem for humanity
- No climate change won't lead to the apocalypse, mass crop failures, floods in the next few years. No, the global financial system isn't going to collapse like a house of cards.
They also stem from the same human biases
- Both recognizing a legit problem and being overly obsessive about them
- Both are the human bias to underestimate timespans. No, societal collapse isn't any moment now.
- But both are the human bias to underestimate long term consequences. Costs accumulate over the years.
- Doomerism. The truth is, capitalism is leading to a better world. 200 years ago we had children in mines. In 200 years from human progress is going to be unbelievable. We'll solve all of this. Old saying: pessimists sound smart, optimists make money instead. We're taking win after win after win.
We‘re culturally so influenced by the concept of the rapture.
But realistically: the fiat system is x% of missed out gdp growth, technological advances coming y years later and everyone being z% poorer. Likewise climate change is a x% of missed out crop yields and $y of coastal protection.
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Great answer!
Part of being overly obsessed with a problem is not seeing how the system might adapt to it and mitigate the damage. I think that's at play here too.
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