Historically speaking, fiat money market was somewhat inevitable, but its problems are also addressable within the free market (i.e., error-correctable).
Related:
- 1-2f1a Error-correction is the beginning of infinity. All jumps to universality occur in digital systems.
- 9-4b2a1d A group of people who doesn’t know who they are and where they came from won’t make it to the moon or Mars
- 12-1e4 Nothing is objectively and independently good
- 13-1a3a1h The market tends to establish and maintain as high a quality of forecasting as is humanly possible to achieve
- 13-1a3a1i The market’s encouragement of successful forecasters fosters a relation of final equilibrium between present capital value and actual future rents