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The financialization of the economy is downstream from central bank policy. You cannot divorce the existing financial system from cryptocurrency. Rampant specu
by aww_dang 3y ago
The financialization of the economy is downstream from central bank policy.
You cannot divorce the existing financial system from cryptocurrency. Rampant speculation and bubble mania isn't happening in a vacuum. Rather, it is a symptom of easy money and cheap credit. When regulators remove barriers to a natural rate of credit by no longer centrally planning interest rates, speculative mania will be naturally disincentivized.