Worth a read:

>>The global financial system is something that humanity controls but doesn’t really understand. There are plenty of theories out there as to how the system works, but they’re all pretty abstract. And yet we have to have a global financial system, because without one, it’s very difficult to have international trade, international borrowing and lending, bailouts for countries in crisis, and a bunch of other stuff that’s necessary for the economy to function. So we set up rules and institutions without really knowing whether they’re optimal or when they’ll break down. It’s not surprising, therefore, that the system experiences crises and major disruptions every once in a while."

#economy #crypto #economicgrowth #institutions #globaleconomy #monetarypolicy #bitcoin
https://lnkd.in/dZeg-EGJ