@crypto.piotr firstly i really enjoy reading all your articles and specially like this one. You address something that really does raise the same questions in me. I believe that the solution to this problem was already devised in 1947 and the issues were pointed out by people like Egene Böhm Bamwerk or Mises in particular in great detail. Deficit spending has been carried out throughout history and must be looked in terms of products and services that are coupled with resources that are being bought cheap by means of regulatory frameworks that finally were defined by probably the same colonists that secured them. I believe there is a FIAT money battle being fought, that will continue as this new paradigm will unfold. Finally it is being allowed by a group of intellectuals that literally had to wait until recently for us to be able to carry out this experiment with the D-Economy. For some the neo-liberalists and for others the libertarians, or a so called covert Organisation named mont-pelerin. Stuard Hall has a great essay on neoliberalism. Keynes is gone and the second world war is over, but we are still living by the same marxian monkey circus that doesn’t have a free market due to corporate oligarchy in many governments and also institutions. I believe when it comes to institutions such as the IMF etc. of today, we do have some influential academics who really are putting an end to violence and mass consumerism that really rose from macroeconomic marginal subjectivism. I think one think tank can overpower another over time and yes, i believe in think tanks that are malevolent in their overall conduct motivated by self interest and don’t benefit humanity as a whole. We simply can’t afford to destroy the only home we have. If the above are corrupt, i believe there is always someone higher and on top of them that says: ‘wait a second guys, you can’t do this’. When the Keynesian consensus began to collapse in the 70s the remnants caused perennial inflation, lead to erosion of value and for a reoccurring financial crisis. Thatcher met Hayek! Today i believe we are tackling the issues of global warming, automation and wealth inequality. I welcome this new age of international political economy and embrace a more laissez-faire ideology.
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Dear @yangyanje
I just realized that I never actually thanked you for your amazing comment. I absolutely appreciate it.
Perhaps you could also visit my latest post and share your own view on discussed topic. I would love to hear your opinion.
ps.
Would you perhaps consider using "enter" from time to time? To separate blocks of texts? It would make it much easier to read.
Yours
Piotr