RE: The Necessity of Saving

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Compounding is an age long consensus on generating wealth, and the blockchain gives us an opportunity to do it like never before.

Making money off money is not a consensus - it's a mechanism of central banking.

The principles we are supposed to be shedding in this 'new economy'...making money off money - i.e - nothing productive , is different forms of usury - which is the mechanism of financial institutions and, I'd posit that 99% of the reason we are in the place we are in today is due to this.

A 'new economy' is not swapping one authoritarian regime for another - it's reverting to paying for goods and services - not paying for money - and this will entail the ripping out the cancer that is called 'the financial markets'... cRapitlism.

Only then can free market capitalism (or the nearest we can realistically get to it) can flourish.
I'm not against usury, per se- interests rates work to balance economic cycles - but making money off money itself - is the basis of evil.
(the opposite of 'the crypto sphere consensus', I know...oh hum)..



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