Message from @Wally

Discord ID: 542738997986983977


2019-02-06 16:06:19 UTC  

Thats goverment interference

2019-02-06 16:06:20 UTC  

If you don't have regulation you don't need to handle the different currencies

2019-02-06 16:06:26 UTC  

You said it yourself, we don't have a free market.

2019-02-06 16:06:46 UTC  

How is crypto doing?

2019-02-06 16:06:53 UTC  

So many different cryptos

2019-02-06 16:06:59 UTC  

returning to the mean

2019-02-06 16:07:08 UTC  

A true value

2019-02-06 16:07:18 UTC  

the competition between cryptos is a good thing

2019-02-06 16:07:26 UTC  

We need fake money like debt to keep going

2019-02-06 16:07:38 UTC  

t. John Maynard Keynes

2019-02-06 16:07:40 UTC  

To wage wars etc. Its been that way since before banking.

2019-02-06 16:07:56 UTC  

Because its part of the competition aspect

2019-02-06 16:07:56 UTC  

With a free market, lending will most definitely be allowed, with no regulation, and working with a system that has a solid value base will keep that lending from reaching a capacity that is immeasurable, unless you are completely reckless.

2019-02-06 16:08:19 UTC  

And if you're reckless in any way, you'll crash and burn

2019-02-06 16:08:48 UTC  

Isnt that your issue with whats going on now?

2019-02-06 16:09:03 UTC  

Bussinesses dont have to takr the loans that they did in the 2008 chrash

2019-02-06 16:09:18 UTC  

What you mean?

2019-02-06 16:09:26 UTC  

Yet to stay conpetitive they must

2019-02-06 16:09:47 UTC  

The financial bubble we are in now has been completly voluntary

2019-02-06 16:10:49 UTC  

With the fed distorting rates? It was only voluntary inasmuch it people were responding to incentives

2019-02-06 16:11:00 UTC  

^

2019-02-06 16:11:02 UTC  

You got me there

2019-02-06 16:12:03 UTC  

Well in any case im merely playing devils advocate. I believe there needs to be less regulations in some areas but more in others.

2019-02-06 16:12:21 UTC  

There needs to be no regulations

2019-02-06 16:12:21 UTC  

It would be completely voluntary if there wasn't any sort of loaning between the feds or the treasury, and if that held no weight on the value of the dollar.

2019-02-06 16:12:34 UTC  

^

2019-02-06 16:12:40 UTC  

We would need a complete reset for that

2019-02-06 16:12:53 UTC  

Yes we would. A reset of minds as well.

2019-02-06 16:13:03 UTC  

To quote my boy Ronny Paul, end the fed

2019-02-06 16:14:10 UTC  

Hence my above statement on how anarchy cannot be realized in our society today.

2019-02-06 16:14:12 UTC  

Kill the fed, kill regulations, and let things go their way, it will be painful at first, but quitting drugs and addictions is painful at first and wonderful once life begins to get in order

2019-02-06 16:14:25 UTC  

But we could do without the fed for sure.

2019-02-06 16:14:38 UTC  

Well i can agree with you guys there

2019-02-06 16:14:46 UTC  

But social darwinism is a bitch

2019-02-06 16:15:09 UTC  

Bro, most interactions you have on a day to day basis are completely voluntary, anarchic if you will

2019-02-06 16:15:40 UTC  

It's not so much social darwinism as much as it is a shift in incentives

2019-02-06 16:15:59 UTC  

I mean people who are dependent on others to survive

2019-02-06 16:16:18 UTC  

Most people are dependent on the state to survive

2019-02-06 16:16:19 UTC  

It becomes involuntary and becomes the will of more singular form

2019-02-06 16:16:29 UTC  

Even without the statr

2019-02-06 16:16:42 UTC  

Aed have oligarchies in a true free market