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5 sats \ 5 replies \ @Undisciplined 8 Oct \ on: The Raid By The Social Welfare Entrepreneur econ
It's tricky, because the profit and loss signals are all screwed up by state intervention, so even honest entrepreneurs will come to resemble these intentionally cynical social welfare entrepreneurs.
It occurs to me that this will be an advantage of the bitcoin circular economy, at least until the state begins offering bitcoin subsidies. Obviously, arbitrage with the fiat system will prevent fully market based prices, but bitcoin prices will have a layer of insulation.
As long as the government ever does anything with money they have acquired, one-way-or-another, there will be huge distortions in markets and human actions. The money government acquires is only ill-gotten gains. THEY only use us to harvest our life essence (since money represents life’s time, it is the equivalent to stealing life [otherwise known as murder]). I have a low opinion of government and the state, please go ahead and try to change my mind.
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You're barking up the wrong tree.
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In what way am I barking up the wrong tree? I think there is too much evidence of this in the world, today.
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Because I'm not inclined to try to change your mind about that.
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OK, I can understand that.
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