Replying to Avatar MuaawiyahTucker

Are you suggesting then, that given a sound money system, they would act more ‘righteously’ than they currently do? That there’s no other reason, besides fiat, that leads them to act the way they do?
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Mike Hobart 1y ago

No. It would simply provide incentives more aligned with responsible activity, would/could make the aforementioned mechanisms more difficult to align, and more costly to attempt and risk failure.

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MuaawiyahTucker 1y ago

So basically, have system that rewards for good behaviour rather than punishes for it (like we currently have)?

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Mike Hobart 1y ago

Mostly… no. It simply shifts the incentives further away from the bad behavior a bit. But it would reward good behavior in a more 3rd+-order-of-effects manner a bit as well.