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?

Reply to this note

Please Login to reply.

Discussion

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.

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

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.