Id love to agree w/ you...but look at how the MMT people are running the show....according to them 35T debt doesnt matter
The only way to validate traditional economics is with a hard crash that takes the entire economy down...stocks, RE, bonds, everything.
Otherwise business cycle reloops and S&P hits $10,000
I agree with you about the problem, but not your take on the solution.
I dont wanna be on a food line either bro...and i doubt any of us will be in one...after all we now live in an abundant/artificially scarce world of, 3d printed foods...world hunger has been practically fixed amirite?
Scarcity plays a major role in traditional economics, but we have the technology now to produce food where there was no food before and water where there was no water before.
Traditional economics cant even compensate for AI and the effects on GDP yet.
I don't know what you're talking about. We can't magically create food and water out of nothing.
You never heard of Moses West's machine yet? The one that produces water out of the atmoshpere using 480v electricity? 🤔
https://video.nostr.build/e2a765b65af3d18a1ea2294b141d86437ec19e3889139e47c7282df027ca80d5.mp4
I had not heard about this machine, or it's creator. So, I stand corrected on the water issue. I appreciate you showing me this.
