>>9393620I am not convinced that it is.
The arbiters of a corrupt, undemocratic and unethical monetary regime will always claim that what they're doing is correct but this is assuming an honest system and everyone acting in good faith.
When corruption and the self-service of elites becomes bad enough the schools and professors of monetary thought become like the priests of many old orders, supporting the dogma and "logic" of the system not because it is correct but because those in power benefit or rely on it.
Many modern day economic beliefs and actions would have been considered heretical and absurd not that long ago.
Sure, in some cases those from the past may have just been wrong but in many cases they were right, their opinions based on common sense and logic and us denying the logic now is a result of the system becoming more and more corrupt and less able to restrain itself let alone act for the common good.
They claim that "some inflation" is good but they didn't believe that in the past.
They claim that fiat money is good, the American founders thought it was the most dangerous thing imaginable.
They claim that a system based on ponzi schemes and infinite debt/money printing is good.
They claim many things.
