Tag: great economy

Chris Hytha is a laudable example of somebody civilizing our approach to digital assets, and I fully support him. I’m glad to see fellow Philly Porchers Anthony Hennen and Nick Russo elevate Hytha’s work, but I don’t see any way to align the Wild West NFT economy with Wendell Berry’s “Great Economy.”

The status of NFTs in the world of 2027 depends, in large part, on how well we’re able to incorporate them into our positive vision of the good. We can, and should, step back and question them. But to stay removed from the craze is to abdicate our duty to shape the future in accordance with our values. The NFT trend marches on: will we help to choose its destination, or will we resign ourselves to futile finger-wagging?

Economics has become a totalizing system claiming the power to explain all things. It is as much a religious system—by another name—as is Berry's Great Economy.