Closed systems always fail. Expansion can't happen, it's why they moved off the gold standard.
It's also why empires failed in the past.
always good to learn from history.
In fact, the USA is what it is today because of moving off the gold standard, it's growth since the 70's is exponentially higher than before, and that's not attributable to technology companies, it's actually the debt that funded ideas and start ups.
If it remained on the standard, it wouldn't be where it is today
What growth in America. Nothing is made here. 37 trillion in debt. Thats not growth.
Usary is not good.
Usury is bad but we have global satellite systems, portable communication systems, high speed internet, higher quality, and shelf stable foods, fuel efficient vehicles, Air Conditioners, instant communication, cameras, compasses, calculators.
Modern life is amazing, unfortunately many have taken it for granted.
Our poorest person is better off than the richest person 100 years ago.
I would say the main things that make modern society suck somewhat are low wages, rungs on the ecoomic ladder being removed, and excessive consumer debt, and college debt.
But if we can fix, or improve those things then everything else overall is better from an economic standpoint.
Social issues are irrelevant to the point even if indirectly caused by fiat systems but that's for another debate.
You are defending the very system that has you poor.
Its ok that we disagree hahahaha
My point is that we can't burn everything down to the ground because some things aren't as good as they were before 2008.
Overall, having more YIMBY Zoning Laws, removing the government from giving college grants, and loans, reducing government Over-Regulation in Medicine, and having a balanced budget would fix a fair portion of our cost of life problems.
And while I agree excessive money printing has happened, it's not the sole cause, and The Fed being solely blamed is unjustified when there are multiple factors causing the prices of goods, and services to be higher than they should be.
But even in our clown world solutions are being made by markets, Coursera, Boxabl, CrowdHealth, CostPlusDrugs, etc.
Financial literacy, and improving general punlic education are also important.
