High finance is wrecking the economy and the planet, but it won't reform itself

Re:High finance is wrecking the economy and the planet, but ... by mistrial9 on Sunday October 06, 2019 @03:13PM (#21174285)

fantastic polemic -- utterly false dichotomy. We are in an age of massive systems, and systems-thinking is called for..

[ Parent | on HN ]

Re:High finance is wrecking the economy and the planet, but ... by pjkundert on Sunday October 06, 2019 @03:22PM (#21174369)

The limiting function for money creation is the amount of wealth available to absorb it (both stock and flow).

Presently, that is secondary; the limiting function is the ability of civilization to maintain the interest payments to those private institutions mandated to create the money supply.

One of these concepts is necessary; the other is not.

Creation of dynamic money supplies based on the one limiting function is possible, and there are emerging mechanisms becoming available to support such money at scale — and make it available to the other ~4 billion people entirely unserved by the present system.

Care to comment on why this conversation is a “polemic”, and such a future is unimaginable?

[ Parent | on HN ]

Re:High finance is wrecking the economy and the planet, but ... by notacoward on Sunday October 06, 2019 @09:09PM (#21176429)

And what does "systems thinking" oh-so-conveniently mean this time?

[ Parent | on HN ]

Re:High finance is wrecking the economy and the planet, but ... by maneesh on Monday October 07, 2019 @09:55AM (#21180789)

One thing that might be worth considering is where the best leverage point in the system is. See http://donellameadows.org/archives/leverage-points-places-to...

[ Parent | on HN ]