If governments are successful in manipulating money to avoid volatility, why are... | Hacker News

HN2new | past | comments | ask | show | jobs | submit

		datadata on June 19, 2022 \| parent \| context \| favorite \| on: Bitcoin mining becomes unprofitable as BTC price f... If governments are successful in manipulating money to avoid volatility, why are these still scores of hyperinflation failed currencies, financial crises due to too much debt, and so on? Why is these not a clear law of economics that can lead to stability and no recessions?

pyinstallwoes on June 19, 2022 [–]

Because politicians and lobbies get away with leveraging laws to create moats and red tape.

Economic policy is just a charade.

Less interference would be ideal, but a government is still a necessary evil. It’s just too large in most cases.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact