Been listening to a lot of preston (npub1s5y…6q7z) lately and one of my takeaways is:
Our current economic landscape is far from resembling free and open markets. Whenever a slight crack appears within the financial system, Central Banks swiftly intervene to avert a complete collapse (most recently Silicon Valley Bank). This degree of intervention shows how heavily manipulated the markets are and its inability to self-correct. Troubled actors like banks who misallocate capital and businesses who take on excessive risk are shielded from failure, so instead of addressing the underlying issues, we often resort to short-term solutions, perpetuating a cycle of delayed consequences. This recurring behavior has led to excessive levels of debt, the endorsement of risky and unsustainable practices, and the distortion of the natural flow of capital that should seek out the most valuable opportunities.
Jeremy Chiang
npub1fgq…6lp5
2024-05-16 00:11:34
Author Public Key
npub1fgqtkcyk56g8hrcvnnerff280jjp9x2q6qhkm0tl2mugq07pz6jsu76lp5Published at
2024-05-16 00:11:34Event JSON
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"content": "Been listening to a lot of nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z lately and one of my takeaways is: \n\nOur current economic landscape is far from resembling free and open markets. Whenever a slight crack appears within the financial system, Central Banks swiftly intervene to avert a complete collapse (most recently Silicon Valley Bank). This degree of intervention shows how heavily manipulated the markets are and its inability to self-correct. Troubled actors like banks who misallocate capital and businesses who take on excessive risk are shielded from failure, so instead of addressing the underlying issues, we often resort to short-term solutions, perpetuating a cycle of delayed consequences. This recurring behavior has led to excessive levels of debt, the endorsement of risky and unsustainable practices, and the distortion of the natural flow of capital that should seek out the most valuable opportunities.",
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