Re-read this gem. Truly wild argument that the USA needs a king in order to be pushed effectively through bankruptcy proceedings.https://graymirror.substack.com/p/the-fedcoin-experiment …
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Replying to @Outsideness
I find Molds' econ blogging to be meh at best. Wild eyed crazy "solutions" to non-problems.
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Replying to @MorlockP
Only a king can do this one simple trick of buying up all American assets and then auctioning them back, though.
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Replying to @MorlockP @Outsideness
Because from his point of view, the problem is too big to be solved in any other way. If he’s right about the magnitude, even the libertarian solution—Bitcoin—will lead to a massive catastrophe. I hope he’s wrong and a slow transition is manageable, but if not, we’re in trouble.
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Replying to @SvenSchnieders @Outsideness
He hasn't identified a problem other than "the messy nature of this offends my autism". He has entered a house where the silverware is disorganized and announced "only a king empowered to burn down this house and build from scratch can solve this."
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And that's true. Your "non-problems" are real problems.
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Asserted without evidence.
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