On: Luna Cryptocurrency Collapse: How UST Broke

[olalonde]

> Economic models, Keynesian or otherwise, are attacked and misapplied because individual players are better off with a larger slice of a smaller pie.

As if going off the gold standard reduced wealth inequality. https://wtfhappenedin1971.com/

[mrep → olalonde]

Is that a joke website or are they actually trying to tie the end of Breton woods to the quadrupling of lawyers per capita since 1971?

The number of people who drown in a pool strongly correlates with how many films Nicolas Cage has appeared in [0] but that doesn't make it a causation.

[0]: https://www.tylervigen.com/spurious-correlations

[Retric → olalonde]

You can make every individual better off while increasing wealth inequality.

Just imagine how bad wealth inequality would get if you doubled everyone’s lifespan.

[olalonde → Retric]

> You can make every individual better off while increasing wealth inequality.

Absolutely. I guess I misread you? I thought you were blaming sound money for wealth inequality.

[zajio1am → olalonde]

The era between 1945 and 1971 was not based on gold standard, but it was Bretton Woods system, that worked in a significantly different way from both era before (traditional gold standard) and era after (floating currencies).