Stu on Nostr: Our monetary system is design so that you can switch to anaerobic economics (printing ...
Our monetary system is design so that you can switch to anaerobic economics (printing money) at time of crisis (war, pandemic, famine, depression, etc), and then metabolise the debt later on after the crisis has passed.
The vulnerability of course is that someone captures the system and boils it in perpetual crisis.
Published at
2023-07-29 17:34:37Event JSON
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"content": "Our monetary system is design so that you can switch to anaerobic economics (printing money) at time of crisis (war, pandemic, famine, depression, etc), and then metabolise the debt later on after the crisis has passed.\n\nThe vulnerability of course is that someone captures the system and boils it in perpetual crisis.",
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