I believe we should not be spending for the sake of stimulating the economy. We should only spend what we need. The idea of spending in excess for the sake of maintaining a vibrant economy is short-sighted and fails to consider long term consequences.
To create a good, we need inputs like land, human capital, financial capital and natural resources. The more we spend, the more the demand of a good, the more the goods will be produced, the more the inputs will be consumed. Instead of having more factories, the land can be set aside as nature reserves for plants and animals to live in and humans to enjoy. The less the human capital is required, the less the motivation to increase human population, thus a less crowded planet. Financial capital can be channeled to more meaningful causes like helping our less fortunate fellow human beings. Using less natural resources means having more forests, a less polluted ocean and air, and less climate change.
The short term consequence is an upheaval in society caused by high unemployment rate which is unacceptable to governments. For the long-term sake of our planet and humanity however, the current trend of economic growth regardless of cost must be reviewed. Our children deserve a better environment.
Bitcoin is a step towards creating that vision. In the current state, bitcoin encourages savings, not spending.
To create a good, we need inputs like land, human capital, financial capital and natural resources. The more we spend, the more the demand of a good, the more the goods will be produced, the more the inputs will be consumed. Instead of having more factories, the land can be set aside as nature reserves for plants and animals to live in and humans to enjoy. The less the human capital is required, the less the motivation to increase human population, thus a less crowded planet. Financial capital can be channeled to more meaningful causes like helping our less fortunate fellow human beings. Using less natural resources means having more forests, a less polluted ocean and air, and less climate change.
The short term consequence is an upheaval in society caused by high unemployment rate which is unacceptable to governments. For the long-term sake of our planet and humanity however, the current trend of economic growth regardless of cost must be reviewed. Our children deserve a better environment.
Bitcoin is a step towards creating that vision. In the current state, bitcoin encourages savings, not spending.
It's like you're in my brain, man...Awesome post.
So bitcoin also promotes a greener world
