Replying to Avatar jimmysong

Imitation can be an amazing thing. When we imitate virtue, we become more virtuous. It can also be really bad because the same can be said of vice.

But generally people will imitate what they perceive to be successful for climbing in status. Thus, a poorly incentivized system will make all society degrade and a well incentivized system will make society much better.

Fiat money is the wrong incentive at all levels.
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Parallel Structures 2y ago

And to add to that, it sends false price signals. Via government subsidies and interventionism, the price of certain hand picked goods are inflated. This leads people to overvalued them and mis-allocate their capital.

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