Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

I mean a "financial crisis" next to extinguishing most life on earth doesn't really seem like a choice to worry about.

Seeing as how the global financial system is a thing we all kind of just made up.

What good is finance when we're dead?



Further, the global financial system is based on the notion of perpetual and steady (if volatile) growth. That's the core tenet of the entire system, underpinning everything from inflation to basic employment.

By implication, this requires an infinite human population on Earth on an infinite timescale.

The still very young global financial system and everything in it is and always has been a Ponzi scheme.


Exactly this. There needs to more understanding about the negative consequences of inflationary monetary system. Absolutely scarce money, i.e. bitcoin, is the only solution to this problem. Scarce money forces to innovate in order to grow.


its also kind of not either or. how do you think the market is going to manage the kind of shocks and structural changes ahead.

every year from now on is going to get worse.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: