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Comment Re: Kiss Monetary policy and the USA goodbye (Score 2) 52

I understand your knee jerk intuition about crypto currency. But very earnestly I suggest learning a bit about monetary policy. It's indispensable. And after that you may want to read about bretton woods and how banks in different countries actually can trade money to each other. The US treasury and its impact on monetary policy enables this. It's not just a methodology in the sense that bitcoin is a method for moving money. Monetary policy is how countries can perform the miracle of Keynesian economics to regenerate Growth in a downturn. That cannot ever be done ever without fiat currency and a central bank. Period. This was. Why for example Germany plunged in to pre-hitler ruin after world war 1. There was no way to climb out of turned down economy when you had no gold reserves (France took them). Germany only managed to recover when they pegged their mark to a kilo of wheat-- not a long term solution but a desperate move that mostly worked. But the economic malaise didn't end till Hitler started spending money into the economy. That was made possible by moving off the gold standard prior to Hitler.

Without monetary policy you are left with the austerity of Austrian economics which pretty much inverts the rational of monetary policy and loses all it's advantages.

Comment Re:Excellent (Score 1) 215

Difficult is not equal to impossible. Heat can be used to boil working fluids, which can be used to drive turbines, which can create energy, which can in turn be used to run AI chips, which give off heat, which can then also be harvested to boil working fluids...Not really a perpetual motion machine, but the inefficiency in the system can be used to suck more heat out of the heat pumps anyway. Inefficiency in this case is a feature.

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