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comment by req
req  ·  3752 days ago  ·  link  ·    ·  parent  ·  post: Basic Income Means Basic Freedom

Economics is half philosophy. A lot of things hold well on the microlevel, but the macrolevel? Macroeconomics is mostly assumptions built on assumptions. Hence why it's so confusing, because it's practically a religion.

The biggest issue in our monetary system currently is The Federal Reserve and our Debt based system relying on infinite growth in a finite world. It makes us all poorer and poorer and consolidates resources, land, and wealth in the hands of few. Checked out Money as debt if you want a good explanation of our current money system. This is a very good read too with numerous citations.

Edit: Look at the comments of this economic analysis of bitcoin. You see the religions going head to head :P