And "low inflation" leads to the same dysfunction with IP that it does with money -- incentivized hoarding, soaring wealth inequality, a "recession" in new ideas
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In a decentralized system a first mover who tries to break a feedback loop gets punished That's what makes it a feedback loop Coordinating collective action ("Look, if we ALL do it at ONCE then no one ends up holding the bag") is what human institutions were invented for
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Labor unions exist because coordinated strikes work to raise wages, whereas individual workers all sitting around waiting for someone else to be the first one to complain to the boss will be sitting there forever
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Also it's not necessarily obvious how much "enough to be comfortable" is in a recession.
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That's an individual decision. If you're less than comfortable, you start spending cash. Don't see the problem here, unless you desire some sort of central control or measurement over these aspects. And why couldn't we do without?
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You wrote that in the thread, and I understand it. I'm/we're not saying the economy will go back to its previous, fiat induced consumerism levels. And that is probably a good thing. GDP will be way lower, but jobs will be meaningful because they create actual value.
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Recessions are caused because we are "employed" to make money for others not because there is no work to be done. It's not collective action if there's only like a few thousand billionaires that are hitting the emergency stop button.
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