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Cryptocurrency and Why I Worry That It Could Hurt the Economy
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<blockquote data-quote="Mikee" data-source="post: 426390" data-attributes="member: 76567"><p>Not to sound rude but my post was not about control of economy (autonomy) but it was about economic output. I am arguing that I believe that cryptocurrency could hurt economy output. Maybe I should've been more clear about that.</p><p></p><p>The population and growth of an economy has always been a result of investment and growth in productivity. And according to Keynesian economics the only way for that to happen is well through government investment. The only reason the economy survived the great depression and got out of it is because of government intervention. Things are more complex than they seem my friend, drugs are only one niche topic, and crypto may be great for that but most people want more than drugs. They want education, homes, jobs, and more goods and services, and they want an increase in those things, which I am arguing can't happen according to the current crypto model.</p></blockquote><p></p>
[QUOTE="Mikee, post: 426390, member: 76567"] Not to sound rude but my post was not about control of economy (autonomy) but it was about economic output. I am arguing that I believe that cryptocurrency could hurt economy output. Maybe I should've been more clear about that. The population and growth of an economy has always been a result of investment and growth in productivity. And according to Keynesian economics the only way for that to happen is well through government investment. The only reason the economy survived the great depression and got out of it is because of government intervention. Things are more complex than they seem my friend, drugs are only one niche topic, and crypto may be great for that but most people want more than drugs. They want education, homes, jobs, and more goods and services, and they want an increase in those things, which I am arguing can't happen according to the current crypto model. [/QUOTE]
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