That's a fair point. I think bitcoin stops so many people from feeling dejected and left behind, which I think is an understated contributor to this behavior. There will be a lot of people kicked out of bullshit jobs, but I think its kind of always been understood in circles like this that the only way things get better is after a serious fall.
Discussion
Yeh I agree with you. The old world needs to be completely destroyed to bring in a new world. It’s a necessary step even.
Only issue I have is that there is no guarantee this new btc world will play out like us Austrian economists imagine. We can only guess.
There are many things that have changed about the world since the last time we were in a (let's call it) hyper-gold-ized world, so I think its fair to say that. There are things that are a bit more predictable though, like the trend in home and education costs. Take a look at this chart, its the time price (how long the average or median worker spends working to make enough) for various goods, notice the correlation of goods that are heavily regulated or require large amounts of financing.
