Comments by "k98killer" (@k98killer) on "This Happens When Money Is Out Of Control | Heresy Financial" video.

Quick feedback: I first watched the HF video, then saw this one; in the future, I think you two should record the two segments and then make brief segues for the end of each video pointing to the other which plays after a short transition but before the send-off music. I imagine that there is already a lot of overlap between your audiences, but this could still drive more traffic to each channel rather than relying on happenstance for the viewers of one to find the other.
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Thought experiment: if a global currency system can expand and contract with the population to maintain a stable per-capita currency supply, we would have an elastic currency system that is still a fair and neutral price measurement tool. As the population expands, greater economies of scale are achieved, increasing the per-capita productivity in an exponential way while the currency supply inflates only linearly, so prices would naturally decline while liquidity simultaneously increased. If the population was to decline for some reason, then the exact opposite would occur: the excess liquidity would dry up at the same time that economies of scale are lost, causing prices to rise during a deflationary contraction. If you think about it, these are the exact correct things to do in the scenario and send the exactly correct price signals for the scenarios: in the first, we on average get wealthier, so you can get more goods and services in exchange for less of your savings and labor; in the latter, we on average get poorer, so you get less for more.
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As crazy as it might seem, I think that many central bankers legitimately believe that they have to intervene to save humanity -- ivory tower institutions tend to recruit those who are inclined to drink the Kool-Aid -- and some might can be deprogrammed from the fiat cult. I wonder how many of them could be convinced to be replaced with an autonomous, decentralized technology stack that efficiently and scalably provides all the monetary services that the central bankers think they are providing, e.g. would the Fed willingly cede any monetary authority to a decentralized system that demonstrably meets all of its current and historical mandates (elastic currency, price stability, and maximum employment)?
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