holymacaral

Countries can and have defaulted on debts issued in their own currencies. If you printed your way out of debt that would be a default in all but name. You would cause a collapse of credit and a collapse in confidence in the currency itself.

A lot of MMT is just restating things Keynesians and Austrians already know and pretending it's some brilliant idea. For instance, they think it's a big breakthrough that the government can pay down debt by issuing more currency. We already know the government can do this, and we also know why it's a bad idea.

MMT is a rationalization for unlimited spending & economic control. Do you really think AOC, Warren, Sanders actually understand the theory of MMT which they advocate (if not by name)?

The MMT theorists began with the conclusion they wanted and concocted a theory to get there. This is policy shaping theory at its finest.

my basic idea here is the success of a pro-freedom site (like voat) is going to depend on the character of the first movers. 4chan succeeds where voat does not because the site has a more robust base of freedom loving people, not all of whom are right wing. I can't even stand voat but I happen to basically agree with em on a lot.

It would use a cryptocurrency of course and probably a stablecoin. That means there's a blockchain somewhere along the line although crowdfunding would be an excellent use case for lightning-style payment channels to compress fees. If you pay a recurring fee every month then that's 12 fees a year. With payment channels we can reduce it to 2 - the fee to open the channel and the fee to close it.

I have long thought crowdfunding is ripe for disruption. We should not need a middleman to send people money over the internet. It can be accomplished via a smart contract and creator listings could be self-hosted (think openbazaar). It could also fix the censorship issue inherit to these platforms.

With Patreon raising prices and now this, maybe someone will crowdfund an alternative.

Hi I found your comment interesting. Yes, we have free speech forums where you can say and share anything without censorship. Yes, there are illegal things there although 99% of the content is legal. The idea is that you are in control of your own experience. You can & should blacklist entire sections of the website.

It's all peer-to-peer and onion routed. The only one who can censor things is the owner although moderators might be able to curate content on their boards (similar to what HN does). Oh, and if the owner throws away his private key then it will keep running just without new updates to the site.

People are afraid of freedom but it all works pretty well in the end.

Also, I agree with the Ayn Rand definition of free speech, i.e. the term censorship only applies to governments. When a company (such as Facebook) censors something they are really just expressing their private property rights.