Ending bankruptcies, unemployment, and poverty - page 2.

ranlo

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Quote from: Ekaros on May 23, 2013, 11:40:10 AM

Bankruptcies are natural part of business. The problem is results from them. Without them there would be lot of inefficiency, which would mean employment, but on other hand also poverty.

Governments don't do good job, but I don't believe other options are better just yet...

It would also affect our technological evolution, as companies would be much less willing to risk new things. Most of the items we get in stores are based on someone feeling confident enough to risk everything in order to go for it. I don't know what a lack of bankruptcies would do but I have the feeling it would be a big problem.

Ekaros

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Bankruptcies are natural part of business. The problem is results from them. Without them there would be lot of inefficiency, which would mean employment, but on other hand also poverty.

Governments don't do good job, but I don't believe other options are better just yet...

ranlo

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Activity: 1988

Merit: 1007

Quote from: Walter Rothbard on May 23, 2013, 11:23:27 AM

This is why I am involved in Bitcoin:

Quote

The economy is not a machine. It is an ecology made of biological organisms -- humans. It is far too complex for any government to fully understand or improve, but governments try to do this. They play God. The result is bankruptcies, unemployment and poverty for millions of good people who have never harmed anyone.

The Clipper Ship Strategy, Richard J. Maybury

I somewhat agree. There are things the government should be involved with, and others they shouldn't. I think Bitcoin is on the "shouldn't" list simply because it allows us to vote (in a sense) on how things work and how inflation/deflation are dealt with. Everyone that has coins is part owner of the entire thing, so I view it as being like a company and we own stocks.

Walter Rothbard

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Bytecoin: 8VofSsbQvTd8YwAcxiCcxrqZ9MnGPjaAQm

This is why I am involved in Bitcoin:

Quote

The economy is not a machine. It is an ecology made of biological organisms -- humans. It is far too complex for any government to fully understand or improve, but governments try to do this. They play God. The result is bankruptcies, unemployment and poverty for millions of good people who have never harmed anyone.

The Clipper Ship Strategy, Richard J. Maybury

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