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Undisciplined
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Over credentialed purveyor of malinformation

Acknowledging that is not the same as advocating for the state to enforce inequality.

Only losers traffic in misinformation and disinformation.

Be a proud purveyor of malinformation.

This is an interesting question. I think that ceteris paribus there would be less lending, if only because demand for loans would be so much lower in a world where the remaining balance isn’t depreciating.

However, a lot of things will be different on a Bitcoin standard, including greater general prosperity and a more stable economy. Those are both factors that are generally thought to increase the size of credit markets.

I love that Bitcoin has gotten so many people to think about money for the first time, but other people have been thinking about money for a long time and already addressed these issues.

Before fiat, there was a savings and loans industry. It is inarguably possible to pay interest on a hard money system, because that’s what happened for thousands of years.

There might not be if they keep spending it on escalating conflict with nuclear powers.

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There are two parts to this answer:

1) The money supply is expanding and some of the new money goes towards interest.

2) Dollars can be used more than once, so even with hard money there’s no mechanical issue with being able to pay interest.

I’m not sure that’s true. Climate change has a good number of destroyed civilizations on its ledger.

Where I think you have a point is that climate change is less avoidable and easier to adapt to, which makes it potentially less deserving of attention.

I’ve got a small Bitcoin wager on it. Hopefully, Pittsburg can pull it out.

The main issue isn’t even that it’s political suicide. That fundamentally misunderstands the purpose of the state.

The purpose of the state is to enrich the powerful by looting the peaceful. Cantillon Effects are the best tool for doing that.

The political circus is just a front to justify the deficit spending.