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I explain it in four economic levels, why it is critical and my personal view:
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Example:
Micro:
1:Let´s say you need a small investment.
Right now you need to apply for a finance structure at a bank or group of people with numbers about your projection.
We have public insights right now, ´data-driven´ was the holy grail.
Meso:
2: What if you don´t have insights of the economy when crypto takes over?
How is a local football club going to finance a new building?
The wealth gap is increasing and clubs like that ore not self-suffienct.
Macro:
3: What happens is that the economy slows down at the economy due to indifference at the beginning of the supply chain.
Many big online companies make money through adds, but if people don´t buy items to sell, then they don´t need to buy much adds, which means online companies make less money.
Meta:
4: Long-term investments are critical for any economy.
You can´t hire people if you are not sure about future economic prospects.
The central bank want to create stable economic growth.
If they don´t know the numbers, they cant´t help.
Small companies and big companies are in favour of a certain external stability, without that doing business projecting would be gambling. We don´t need that.
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Why it is critical:
The big issue that needs prevention is that economics impact each other in a domino effect.
Economies have movement up and down, the thing is that have accepted and dealt with the benefits over time much from a western perseptive and now that the global economy like america and china are more equall the impact of a downturn in china would impact america much more.
example:
If war happens in another country in the world, we almost directly experience effect in other countries.
Classical economics and keynesian economics both argue about what is smart:
More goverment or less goverment.
Goverment is in my eyes more a ethical motivator for the society.
Goverments already impact economy through climate policy.
I think that role of advocate of justice of society through economic policy could be right. That depands on the design of the decion making unit.
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WHy:
Tax in general is difficult, now with crypto it is going to be more difficult.
How:
I think it is important that we should argue the cashflows of goverment in general.
What:
I think all organisations should focus on being self-suffienct and let the goverment help those organisations with doing that for justice in society.
When & where:
Less = more / more = less is my economic few.
--> if something works self-suffient, try doing less = making time and capital available
--> if somehting does not work = spend capital and time to make it self-suffient.
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I mean for example:
why are foodbanks not working together more effective?
Why don´t we have more laws to help prevent food waste?
Why don´t companies and locals sponsor foodbanks?
Why are people volunteers without benefits?
I´m more worried about the people who suffer the most in economic downturns.
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My point is that we can design the economy we would like to live in, we do that by developing crypto with it´s benefits, now we need to think about the impacts of the perspective from central banking.
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