Can Bitcoin Remedy Our Debt Dependancy?

Can Bitcoin Remedy Our Debt Dependancy?

Margarita Groisman graduated from the Georgia Institute of Know-how with a level in industrial engineering and analytics.

Since trendy capitalism’s emergence within the early nineteenth century, many societies have seen a meteoric rise in wealth and entry to low cost items — with the occasion coming to an finish years later with some type of main restructuring triggered by a serious world occasion, comparable to a pandemic or a conflict. We see this sample repeat many times: a cycle of borrowing, debt and high-growth monetary programs; then what we now name in America “a market correction.” These cycles are finest defined in Ray Dalio’s “How The Financial Machine Works.” This text goals to look at whether or not a brand new financial system backed by bitcoin can deal with our systematic debt points constructed into the financial system.

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