its seriously funny how we supposedly cant just erase our debt and inflation

[cromagnon]

like the economy is not r eal nigga

 

[Gs.]

like the economy is not r eal nigga

If by some... Unfortunate accident happened and most of the big bank servers that hold data vanished id say the debt of alot of people would disappear.

 

[gpsl]

You can’t erase debt that’s held by private people and foreign governments. It’s how the US got mega rich by just printing trillions of debt and having other countries buy it up. Inflation can be controlled by taxation and rate hikes. The rich don’t even know where to put all the money they got so they put it into real estate and now even farmland and Gold. Inflation makes asset holders rich and workers poor. Deflation makes everyone poorer but also automatically decreases the wealth gap and that results in an accelerating increase of affordability atleast in the short term. In the long term it’s better to print money and distribute it broadly so everyone can partake in the economy. Ideal inflation rate is 1-1.5%

 

[uksucks]

Deflation makes everyone poorer

Ideal inflation rate is 1-1.5%

Not true and you fell for the meme
Good goyim

 

[gpsl]

Not true and you fell for the meme
Good goyim

There is no meme bro there are competing schools of economics. Marxist, Keynesian, Austrian.

It comes down to what a government wants to achieve.

In capitalism or neoliberalism the government wants to achieve high living standards by increasing the money supply of capitalists. I mean that’s simply true. If you have more money i the system you will have more investing. Where that system fails is that the market misallocates and that capitalism conglomerizes.

I think China has shown that the government can be much more competent and effective with capital allocation. BYD is the prime example of that. Billions in government subsidies for electric mobility, vertical supply chain integration and so on and they still have healthy competition in China. Chinese capitalism is much better at progressing because the government makes strategic investments for the future.

 

[uksucks]

government wants to achieve high living standards by increasing the money supply

It's a scam, wealth redistribution from wagies to those closes to the money printer

Sure it's best for politicians and central bankers since they benefit from it and receive money before it's debased

For everyone else it's a trap to keep people poor and working till death

This is why Btc was created

 

[gpsl]

It's a scam, wealth redistribution from wagies to those closes to the money printer

Sure it's best for politicians and central bankers since they benefit from it and receive money before it's debased

For everyone else it's a trap to keep people poor and working till death

This is why Btc was created

Politicians are agnostics when it comes to how they get rich. They get rich because they have power. BTC is not an inflation hedge. Any asset in this economy only drives up inequality because wagies don’t have enough money to invest.

I think the libertarian economic viewpoint is ideologically tainted and limits the freedom of the government to steer the flow of money at any point in the economic cycle. You can redistribute by deflation and taxation or partial government share ownership of all companies. You can control the price of commodities and so on.

Somehow we’ve got both the government being incredibly incompetent and capital being incredibly shortsighted and thus incompetent. Maybe whites are just an inferior race full of deulusional retards

 

[uksucks]

Somehow we’ve got both the government being incredibly incompetent

Lol it's done on purpose
Power corrupts, Fed was created for this reason

BTC is not an inflation hedge.

No but it's a money printing hedge

And there's a fixed supply, you're not gonna store wealth in apple iPhones cuz they can make another or increase manufacturing, politicians/central bankers print more money, more houses can be built

No more than 21M Btc will ever exist, so really it is an inflation hedge (this is just semantics), it protects against the dilution of currency because some will inevitably flow into it

 

[parkergleas00]

my iq to low for these kind of thoughts

 

[uksucks]

Any asset in this economy only drives up inequality because wagies don’t have enough money to invest.

At least if everyone owned Btc, the poorest bitcoiner on earth wouldn't have their holdings be debased next yr since more can't be created

That's the difference between this and traditional assets