One of the cornerstones of Conservative thought is the following argument:
The United States (and the Western world in general) have consistently been the most productive and best nations, out of all the nations on earth, since at least the 1940s. Ergo, the best policy is to revert to what is known to work.
This has obvious arguments for correctness.
One of those things they all have is an inflationary money supply. There are no working examples otherwise. The thing that “Progressives” in the United States is they want to copy elements of working example countries, notably Nordic countries, for things like healthcare/criminal justice/taxation/social welfare, etc. Progressives aren’t asking to change everything, they just want to import what the evidence says are superior methods in specific areas of governance.
Do you know of a working example where this has been tried? Because messing with the money supply has enormous risks, we already know the economic system has flaws that will cause it to periodically collapse.
After reading your response, I notice that I made a mistake in my original post in terms of communicating my thoughts. This was originally written as part of a larger piece about the design of new currencies, in the gestalt of the current thriving cryptocurrency scene, and in that context it was clear that I was not advocating for reforming currently existing currencies along these lines, but rather presenting thoughts that designers of future, non-state-backed digital currencies should take into consideration—a space where experimentation without existing working examples is well-justified—however that context is not provided in this post, which can make it look like I am advocating reforms more extreme than I actually endorse.
One of the cornerstones of Conservative thought is the following argument:
The United States (and the Western world in general) have consistently been the most productive and best nations, out of all the nations on earth, since at least the 1940s. Ergo, the best policy is to revert to what is known to work.
This has obvious arguments for correctness.
One of those things they all have is an inflationary money supply. There are no working examples otherwise. The thing that “Progressives” in the United States is they want to copy elements of working example countries, notably Nordic countries, for things like healthcare/criminal justice/taxation/social welfare, etc. Progressives aren’t asking to change everything, they just want to import what the evidence says are superior methods in specific areas of governance.
Do you know of a working example where this has been tried? Because messing with the money supply has enormous risks, we already know the economic system has flaws that will cause it to periodically collapse.
After reading your response, I notice that I made a mistake in my original post in terms of communicating my thoughts. This was originally written as part of a larger piece about the design of new currencies, in the gestalt of the current thriving cryptocurrency scene, and in that context it was clear that I was not advocating for reforming currently existing currencies along these lines, but rather presenting thoughts that designers of future, non-state-backed digital currencies should take into consideration—a space where experimentation without existing working examples is well-justified—however that context is not provided in this post, which can make it look like I am advocating reforms more extreme than I actually endorse.