Cryptocurrency: The Breaking Point and Death of Keynes

[Zenaan Harkness]

On Thu, Aug 20, 2020 at 04:09:26AM -0400, grarpamp wrote:
> https://www.youtube.com/watch?v=d0nERTFo-Sk  Keynes vs Hayek
> https://realinvestmentadvice.com/the-breaking-point-death-of-keynes/
> 
> 
> "A democracy is always temporary; it simply cannot exist as a
> permanent form of government. A democracy will continue to exist
> until the time voters discover they can vote for generous gifts
> from the public treasury. From that point, the majority always votes
> for the candidates who promises the most benefits from the public
> treasury. The result is that every democracy finally collapses due
> to loose fiscal policy, which is always followed by a dictatorship.
> 
> The average age of the world's greatest civilizations has been about
> 200 years. These nations always progressed through this sequence:
> 
> >From Bondage to Moral Certitude;
> Moral Certitude to Great Courage;
> Great Courage to Liberty;
> Liberty to Abundance;
> Abundance to Selfishness;
> Selfishness to Complacency;
> Complacency to Apathy;
> Apathy to Dependency;
>                       <-- You are nearer to here, rather than first 5 above
> Dependency to Bondage.
> 
> -- Alexander Tytler (supposedly, or not)"
> https://realinvestmentadvice.com/tytler-cycle-why-more-government-help-leads-to-less/
> https://en.wikipedia.org/wiki/Alexander_Fraser_Tytler,_Lord_Woodhouselee
> 
> 
> Consider how many countries, including yours, are
> currently in the latter stages of this well worn cycle.
> 
> Next time, rather than harkening for and repeating
> same old systems and tries, which have already
> been duly tried and failed in every way since history,
> try learning and living some things never tried before.
> Does not cypherpunks say to see the things
> nearest to [Crypto]Anarchism.


Yes, simply said, yes the cycle seems to repeat.

As Juan diligently reminds us, we do not control our lives - so what use or difference is there to the average dependant?

He is dependant on the supermarket for his daily bread, and on the fiat printer for a few pennies to pay at the checkout.

As in, what does he care whether his fiat is printed by the Reserve Bank, or whether it happens to be an "old style fiat" or some fangled new "digital fiat"?

Joe Bloggs does not care one way or the other - he really does, not, care.


Mr Bloggs must first identify that his self sufficiency ("vertical integration" at the household and/or community level) is in his interests.

And to do this he must completely cast out the Marxist lies which lull him into any sense of entitlement or envy.

The truth that "plain old" central banking fiats are more than sufficient (and a hell of a lot more energy efficient, not that Mr Bloggs cares anyway), is a truth which the average nechno-anarchist seems strangely oblivious to - "he cannot see what his 'livelihood' depends on his not knowing" perhaps?


Once again we appear inescapably drawn to that fundamental - except that a man contributes directly, at least in some small way to his own survival (i.e. unless he cultivates such an intention within himself), then he shall remain enslaved.

And "morally" we can say that this is not only the _natural_ way of things, but how they _should_ be (but note that we do not need the moral argument, where the natural or observed pattern of reality suffices as sufficient explanation.


So where does this leave us?

   1) Fostering self sufficiency.

   2) Educating others.

(And when we say "educating" others, we mean "inculcating those intentions which bring about the better/desired result - as in, awareness of the dependency/slavery dichotomy, and its antidote.)