The problem is not an issue here or an issue there, so much as it’s an insane notion of the purpose of money. The purpose of an economy is to serve people, the purpose of people is not to serve an economy.
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The economy IS the people. It’s the voluntary trading we engage in. The purpose of money is to be a medium of exchange (so we don’t have to barter), a store of value (which the Fed ruined), and to allow economic calculation.
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Which must be fairly and appropriately regulated by govt so that monopolistic forces don’t skewer it in the direction of the very wealthy.
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Those monopolistic forces tend to grow stronger in proportion to the amount of regulation.
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Replying to @chillywillers @AndrewBrasuell
The opposite to that is true.

Jan 3, 2021 · 11:19 PM UTC

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Replying to @marwilliamson @chillywillers
Have you actually looked into this or are you just reflexively saying that?
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Replying to @marwilliamson @chillywillers @AndrewBrasuell
monopolies are unstable under strong environmental change, they can't adapt fast enough... regulation skews the environment in their favor (by creating an artificial shell of stability), sustaining what should not be sustained
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