I think tonight’s the go as we can’t seem to organise? Let me know if that’s not the case.
Anyway I should introduce the topic. And that is money, or more specifically the current ‘fiat’ system.
I’ve been reading quite a lot about the current monetary system recently and have become more and more convinced that it is eventually doomed – one way or another and
· Can the current monetary system survive?
· If not, what are features that have caused it to fail?
· What alternatives are out there and how would they work? Could a close variant of the current system work with a few important changes, or
· Probably the scariest question is: if the monetary system has to be fundamentally changed, is it possible to do so in a controlled and (relatively) painless way? Even if it’s possible in theory, is it in possible in reality, taking political and social reality into account? In other words, are we facing a situation where the social organisation on which we rely will be thrown into chaos? Or is that over dramatising the situation?
· Should we spend all our money today, because saving it for the future is pointless? And where is that bottle of Grange I ordered?
I realise none of us are economists, so there is at least a chance we can have something sensible on the topic…
See you tonight so we can spend some.
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