re: #466 freetoken

Yes, gambling is inevitable.

But then to tie the wagon of your financial system to such gambling is foolishness.

I do hope that the people of this country will return to the idea that the purpose of owning a residence is to reside somewhere, not to hope that inflation will appreciate the hypothetical value against which to take out loans for even bigger flat screen TVs and and cars.

I am not sure what you say makes sense. There is no way of “untieing” “the wagon of your financial system” from “gambling”. Anything involving financial processes operating with property titles will involve “gambling” to a certain extent. It’s when essential rules of sound lending are ignored or outright broken that shit starts going bad.

Your hope points to a pretty illusionary and AFAIK also atavistic ideal I often come across with people who get frustrated with the abstract parts of the economy: That all property only be used (and not burdened, encumbered, leased etc.) and hence be reduced to its possessory aspect. I don’t think that is going to fix things.