[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Ljubomir Josifovski [@ljupc0](/creator/twitter/ljupc0) on x 5314 followers Created: 2025-07-23 12:01:08 UTC They themselves don't know for sure. Still - not futile to ask the Q, as it may prod them to think. Not the worst of things. 😆 This is what I think is going on with cryptos, goldbugs, libertarians rejecting "the MMT" completely and vociferously. Whereas I thought they will have easy time with the MMT premises. For - how can I be a libertarian, and think "gov monopoly on currency is achieved via monopoly on violence and taxation asking the citizens to return back to the state the currency the state issued; and everyone is forbidden from creating any other currency" is not the right story? How can I be a goldbug, and both require "we return to the gold standard", and not acknowledge "USG can always find USD for its bills; it's the resources that that USD buys that are in danger of lacking; it's inflation not insolvency where the risk is"?? I think that same "will deny the premise is true, for I hate the consequences" (that I infer, imagine) is what also drives the denial with the goldbugs, and cryptos people. One would expect with them being directly interested in the mechanics of the monetary system (and in general - the finance side), to at least know the mechanics of the current fiat system. I imagine, that they imagine, the consequences to be - Gosplan! They recoil in horror, and proceed to deny the premises. Now I'm not saying there are zero people who are indeed attracted to the premise, b/c they are attracted to the Gosplan consequence. The world is a big place. All sorts of people. Some will be wanting Central Planning of the economy. No matter how many times it fails. Also a side point: with all the consolidation cartelization monopoly power in all industries we have witnessed in our lifetimes - are we sure the system isn't already half descended into a Gosplan? Looks to me very much like per-industry near-Gosplan, if only 2-3 players are left in an industry. For at a company level, the corporation level planning - is on the inside central planning. Very few "internal markets" afaik, b/c that idea mostly failed. XXX engagements  **Related Topics** [currency](/topic/currency) [cryptos](/topic/cryptos) [Post Link](https://x.com/ljupc0/status/1947990360073859333)
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Ljubomir Josifovski @ljupc0 on x 5314 followers
Created: 2025-07-23 12:01:08 UTC
They themselves don't know for sure. Still - not futile to ask the Q, as it may prod them to think. Not the worst of things. 😆
This is what I think is going on with cryptos, goldbugs, libertarians rejecting "the MMT" completely and vociferously. Whereas I thought they will have easy time with the MMT premises. For - how can I be a libertarian, and think "gov monopoly on currency is achieved via monopoly on violence and taxation asking the citizens to return back to the state the currency the state issued; and everyone is forbidden from creating any other currency" is not the right story? How can I be a goldbug, and both require "we return to the gold standard", and not acknowledge "USG can always find USD for its bills; it's the resources that that USD buys that are in danger of lacking; it's inflation not insolvency where the risk is"??
I think that same "will deny the premise is true, for I hate the consequences" (that I infer, imagine) is what also drives the denial with the goldbugs, and cryptos people. One would expect with them being directly interested in the mechanics of the monetary system (and in general - the finance side), to at least know the mechanics of the current fiat system.
I imagine, that they imagine, the consequences to be - Gosplan! They recoil in horror, and proceed to deny the premises. Now I'm not saying there are zero people who are indeed attracted to the premise, b/c they are attracted to the Gosplan consequence. The world is a big place. All sorts of people. Some will be wanting Central Planning of the economy. No matter how many times it fails.
Also a side point: with all the consolidation cartelization monopoly power in all industries we have witnessed in our lifetimes - are we sure the system isn't already half descended into a Gosplan? Looks to me very much like per-industry near-Gosplan, if only 2-3 players are left in an industry. For at a company level, the corporation level planning - is on the inside central planning. Very few "internal markets" afaik, b/c that idea mostly failed.
XXX engagements
