I have a feeling that people are just going to think my comments here are hyperbole or give me a lecture on how I don't understand economics, but I will say it anyway.
And please read to the end because I believe my opinion is different from the normal sides taken.
Money supply and debt are increasing in ways that are unsustainable in the current system. At the same time, there are reasons that this is being done, and it boils down to the fact that a fixed supply just doesn't work either.
However, I believe that our money is too simple and our global political systems too disorganized continue this way. Essentially, at some point some countries have too many problems and cannot morally tolerate letting other countries produce money and throw debt into a hole while forcing them to live up to their obligations.
If another system that is fair and based on sound cryptocurrency is not put into place, the result within the next few years may be a global war. The first part of this is using blockchains to prevent people from constantly cheating as is the current case. Also, I believe that a fixed supply is absolutely not appropriate, but so is an infinitely expanding supply. But beyond that, I think money needs to become a high technology. So rather than having a few valves that can be turned on or off by lucky people near them, there should be a lot more data involved and more levers. Such as connecting money in some way to real resources. Or regulating use for different purposes in different ways.
And please read to the end because I believe my opinion is different from the normal sides taken.
Money supply and debt are increasing in ways that are unsustainable in the current system. At the same time, there are reasons that this is being done, and it boils down to the fact that a fixed supply just doesn't work either.
However, I believe that our money is too simple and our global political systems too disorganized continue this way. Essentially, at some point some countries have too many problems and cannot morally tolerate letting other countries produce money and throw debt into a hole while forcing them to live up to their obligations.
If another system that is fair and based on sound cryptocurrency is not put into place, the result within the next few years may be a global war. The first part of this is using blockchains to prevent people from constantly cheating as is the current case. Also, I believe that a fixed supply is absolutely not appropriate, but so is an infinitely expanding supply. But beyond that, I think money needs to become a high technology. So rather than having a few valves that can be turned on or off by lucky people near them, there should be a lot more data involved and more levers. Such as connecting money in some way to real resources. Or regulating use for different purposes in different ways.