re: #337 Killgore Trout

It might happen someday. I really don’t understand economics well enough to predict the likelihood of it but it might even be inevitable. It won’t, however, be the end of the world and it probably won’t happen anytime soon.

This is interesting because when we find deficiencies in systems set in place the typical response by societies has been to adapt new policies. An example is how we went from the gold standard to the Federal Reserve system. Many other forms preceded this over a period thousands of years.

It seems that many people are refusing to even consider whatever changes we may need to employ in the future even if it would be done to avoid catastrophe — perhaps a form of economic Luddism? Somehow I don’t think that 1000 years from now society will be utilizing whatever financial mechanisms that are employed today and will be regarded as archaic by then.

Ron Paul as usual suggests we go back in time. In the end we will move forward and over the years things will change. This is not suggest that we do not proceed with caution.