Literally nothing wrong with inflation if you distribute the new money supply to every citizen.i.e.>Money supply is expanded by 3% one year>Those 3% are distributed to every citizen evenlyAnd it is in fact highly stimulating for the consumption based economy. Today central banks pocket the newly minted money and lends it out to the government while the government has to pay back the principle amount + interest.
The money goes to asset owners which is why the wealth gap continues to widen
>>61474557>Debasing the value of a currency has no problems>UBI has no problems>He thinks value can be created top down rather than bottom upThe product of public schooling
>>61474567ThisThe only solution is to compel companies to pay their employees in assets (aside from their own clown stock that could go tits up at any moment). The gold standard accomplished this which is why boomers and older gen x got rich so easily. Suggesting something like that today would get you thrown in the brig for antisemitism thoughever.
>>61474567>>61474592Does Keynes necrotic dick taste good?
>>61474567>asset ownersmost normalfag "wealth" is plywood box equity. their plywood box going up in imaginary value doesn't actually help them because it inflates their realized cash basis holding costs. their property taxes go up, their homeowners insurance goes up, skilled trades typically charge more to do work on more expensive homes than cheaper homes because fuck em, etc.
>>61474581Money is a means to exchange things, not a thing that others are exchanged for. Treating money as inherently valuable is idiotic.If inflationary fiscal policy encourages consumption and increased consumption encourages production then it's good for the real economy.
>>61474600Keynes was in favor of the gold standard?
>>61474604>their plywood box going up in imaginary value doesn't actually help them Can't you draw more from your HELOC? Just mortgagemaxx, that way you're always getting the maximum value from your plywood box. And the bank can have the plywood box back when you die, you'll downsize to a much smaller oak box.
>>61474625>Can't you draw more from your HELOC?that's true but having more debt at your fingertips isn't an advantage to anyone who isn't a 60-80 IQ goycattle paypig.
>>61474616>He thinks the gold standard is a sufficient degree of traditionalismNo, nigger, not a gold standard, gold IS money. No paper bullshit, not even backed by metal.
>>61474643Home equity loans are usually very low interest and your house will appreciate faster than interest grows. And as we've established previously you never have to pay it back, the back will just take the house when you die.
>>61474647>very lowdoesn't it generally track mortgage rates? so yeah 6-7% is cheaper than 30% on a credit card or whatever, but i still don't see the advantage. then again i don't have any debt.
>>61474665It's usually lower.But the idea is that you spend most of your working life paying off the plywood box and then when you retire you remortgage it to get it's equity back in spendable cash which you'll proceed to spend until you croak.
>>61474645I hope your autism improves one day
>>61474732I sure hope it doesn't
This thread was a comment on how central banks pocket the newly minted lump sum that costed you inflation tax
>>61474557Inflation exists to encourage consumption. It basically makes us constantly live beyond our needs because otherwise we'd be poor in just a few decades. In greater terms, having no inflation would make us realize how bloated our economies have grown.
>>61474557> if you distribute the new money supply to every citizen.I think you’re missing the whole point of the scheme to begin with. If you did that you may as well just have sound money. Same thing.
>>61474557Exactly. But this is antisemitic. Btw that would be 5k per year for the USA I think.
>>61475212No it's actually better since otherwise people would just hold cash for decades.
>>61475857Nothing wrong with that as it is but I think it would cement wealth gaps forever.
>>61474557bump
