jimmysong on Nostr: Imitation can be an amazing thing. When we imitate virtue, we become more virtuous. ...
Imitation can be an amazing thing. When we imitate virtue, we become more virtuous. It can also be really bad because the same can be said of vice.
But generally people will imitate what they perceive to be successful for climbing in status. Thus, a poorly incentivized system will make all society degrade and a well incentivized system will make society much better.
Fiat money is the wrong incentive at all levels.
But generally people will imitate what they perceive to be successful for climbing in status. Thus, a poorly incentivized system will make all society degrade and a well incentivized system will make society much better.
Fiat money is the wrong incentive at all levels.