What's the solution to inflation? How do we prevent it?
>>73667113
why is it called inflation when it becomes less
why isn't it called deflation
go back to the part where you explain why our goal is preventing it
>>73667113
inflation is a good thing. you just need wages to keep up or exceed inflation, which we have not done since 1972.
>>73667113
Stop it?
>>73667264
because nominal interest rates and the quantity of money increase
>>73667264
because it's referring to the amount of currency you need to have to get a relative amount of purchasing power, not the purchasing power of the money itself,
>>73667265
Kek, because its an invisible tax, the government is destroying our wealth
lrn to economics
>>73667329
Name 1 (one) way it is good
>>73667264
Because you need more money.
Don't think of a shrinking dollar. Think of a growing money bag.
Numbers get inflated, but those big numbers have the same value. Like in World of Warcraft where you get more numbers every time you level up, but you still need to hit an enemy the same amount of times to kill them.
>>73667113
Definitely raise the minimum wage and borrow more of your children's future tax dollars from the Federal Reserve. You can trust the kikes.
>>73667113
Print more money
>>73667264
It's called inflation because the supply of money is inflated, thus reducing the value of that money.
>>73667265
New money enters circulation through the banks, which they make money off of, then as prices go up wages lag behind resulting in decreased purchasing power for most of the population. Meanwhile the firms that are able to use newly created money earlier benefit more form it since the effects of inflation haven't set in yet.
>>73667113
Low but positive inflation allows economic cycles to be smoother. That's a good thing.
>>73667329
>setting one of the highest peaks of real minimum wage as the target that needs to be met
no thanks
>>73667407
we can inflate away national debt because no one will notice and price in their real losses xD
>>73667498
yep
>>73667113
gold
standard
>>73667407
It's not good or bad. It's just neutral. It really doesn't make a difference if $20 buys you a bag of chips or a car. It's all about how much money you make in the first place.
>>73667113
>what looks like a bag of flour and frozen vegetables or $20
Come on, I can get that for $5 maximum.
just print more money goyim!!!
>>73667407
>Name 1 (one) way it is good
It encourages the spending of currency rather than the hoarding of currency. Which is why deflation is bad for an economy-
Literally stop printing money
No more inflation
>>73667343
Actually the government is destroying its debt. Thanks to inflation anyone who buys a 30 year treasury bond is paying the US government for the privilege of paying the US government.
Inflation is also good for a capitalist economy. It forces people to spend now rather then save. Saving is bad for capitalism. It means nobody is spending.
>>73667265
So people's life savings don't degrade in value, and prices don't go up faster than wages do. So people can have fun with their money and live like human beings, instead of cattle who exist for the sole purpose of increasing the GDP by working harder and harder for less and less.
>>73667407
a small amount of inflation forces people to spend and invest instead of hoarding which keeps the economy moving
>$35
pretty good to be quite honest family
>>73667538
Have you ever heard her voice? It is fucking hilarious.
>>73667587
>>73667498
they don't actually print money, retard
look up "3 tools of monetary control" and "money multiplier"
people who don't know Macro shouldn't be allowed to post in these threads
>>73667113
Recognize that no fiat currencies are actually stores of values. So keep minimal wealth in cash, have only liquid investments for that purpose.
I.e. don't open a savings account with huge amounts of cash in it.
>>73667113
>20 dollars buying that much in 1992
>20 dollars buying that little in 2012
>>73667501
But inflation devalues savings.
if the devaluing of a currency is, in part, related to the amount of it in circulation, why not take money out of circulation thus increasing the value of the remaining currency?
>>73667563
Probably the only solution. I was always curious about what would happen if the government actually let the dollar deflate naturally though, which I assume it would if the crony capitalism stopped.
>>73667632
Yeah but that's not a long term solution. We need to expand the money supply as the productive economy grows, or else we'll end up with deflation which is worse. But how do you tie the money supply to productive growth?
>>73667572
It not neutral tard
The government borrows money and then cheapens the currency so its easier for them to get into debt
Would you be opposed to me creating inflation by counter-fitting the currency? Why?
>>73667407
Its great for politicians. They can promise their voters something like social security, but can then pay out in inflated dollars.
>>73667619
muh saving up resources is bad maymay
muh spending creates wealth maymay
>>73667113
ftfy
>>73667746
When people say "print more money" they don't mean the literal printing of money on presses, they're referring to increase of the money supply.
>>73667835
>but can then pay out in inflated dollars.
that's not how it works. social security payouts are determined by the consumer price index, aka they are adjusted yearly to account for inflation of goods.
>>73667113
1972 was a long time ago
inflation isn't a big deal, its the govts spending policies
By increasing the value of labor:
End illegal immigration
Limit outsourcing
Make America great again
>>73667635
SAVING IS THE FIRST STEP OF BUILDING CAPITAL YOU IGNORANT RETARD
It's fundamental to capitalism, anyone who doesn't understand this knows nothing
When the government wants to "stimulate" the economy and encourage spending, society will get poorer than otherwise
>>73667635
>Saving is bad for capitalism. It means nobody is spending.
oh that meme.
Somebody's savings is somebody else's investment in our fractional reserve system
You don't need inflation on top of that.
>>73667879
>>73667879
>>73667113
Print more money
XDDDD
>>73667669
spend spend spend, spend our way to wealth
I learned it from Hillary mah
>>73667723
>But inflation devalues savings.
Did I imply otherwise?
>>73667113
>>73667776
because its bad for merchants
>>73667932
Austrian meme does not get the difference between financial saving and national accounting saving.
>>73667879
Damn, you beat me to it.
>>73667932
>SAVING IS THE FIRST STEP OF BUILDING CAPITAL YOU IGNORANT RETARD
>It's fundamental to capitalism, anyone who doesn't understand this knows nothing
New Capital projects are hardly ever funded with savings, they are funded with Debt.
If you want to go buy a business for investment purposes you don't take the 1 million dollars you have in a money market fund and buy the pizza hut, you go to a bank and get a small business loan backed with your collateral.
Do you think someone builds a skyscaper with money saved up in a bank? It is from commercial lending.
So as long as inflation is kept reasonably low money is "cheap" and it pushes up investment and spending.
>>73667635
>Saving is bad for capitalism. It means nobody is spending.
People save for a reason and eventually spend it. Very few people die with lots of money in the bank and no heirs waiting to collect.
Why don't we just get rid of pensions while we're at it, since that money isn't being "spent" either.
>>73667901
>being this good of a goyim
>>73667901
and the rate of increase is less than the rate of inflation.
Same thing is happening with virtually all pension funds right now.
Re SS. we are moving toward 2 workers for retiree vs old 7 employees per retiree. It's fucked. But you still have to pay into it.
>>73667113
Gold standard, ban usury.
>>73667932
No its not. This is a neo capitalist economy. No wage slave can hope to save enough to enter the market. Be thankful you can save enough over your life to pah y the rent and buy food for the last 15 years of your existence.
In the meantime you might as well enjoy all the diversions and distractions on offer and feel safe in knowing a matbematical algorithm has already predicted your worth to societh within a statistical margin of error of 3 to 4 percent. All hail the market our god.
>>73667113
Print less money
>>73667879
Why didn't you put a malt liquor in the basket on 2016? Why do you have no respect for black culture?
>Most Americans are stupid
>Most of them vote like idiots
>Most of them will buy a $8 Big Mac meal with a Coke even if there's a better place nearby
>Most of them are too stupid to realize that McDonald's really isn't cheap or convenient
>Most of them do the same at the grocery store
>Hurpaderp why does $20 get me less?
Oh, and we also live in the nation where "organic" or "natural" or "buying local" is a meme that advertisers take advantage of. That's why, where beaner countries can get cheap rice and fruits and veggies, we spend up the ass for some of them. Some of them literally are worth the price! Don't forget that, but there are plenty of things we buy that are just overpriced.
I care about our fellow citizens, that's why I'm saying that a lot of them are misled to make shitty choices in food. We need to fix that. Educate them. Do something. I can't fucking sit back when my mother goes off to buy a Big Mac.
>>73668003
I missed, somehow.
>>73667723 was meant for >>73667572
>>73668153
why was the gold standard taken down?
>>73668105
>literally describing the banks that were bankrupt 8 years ago as a """"""""""good"""""""""" system
>>73668105
No, you obviously ask your father for a small loan of a million dollars.
In all seriousness, you are correct but you are not explaining things properly. But whatever, they will not learn anyway.
>>73667879
And the future
>>73667113
Community money.
Local economies, the reality of managing which will necessitate the use of blockchain technology.
Still 30-40 years away from any serious implementation of it.
>>73668113
Lol you think pensions are still a thing. How cute.
>>73667113
Inflation is fine IF people make higher wages to compensate for it.
Unfortunately in America's jew-ridden economy people still get paid piss poor wages even in fields like finance
>>73668113
Exactly, lets always be out of resources at all times so if an earthquake hits we have nothing ready
Perfect liberal logic, think they are in control
>>73668285
emphasis on if, companies bitch just with the $15 minimum wage.
>>73668232
- Seasonal spikes in interest rates that arbitrarily constrain the economy;
- No flexibility to smooth business cycles under a severe recession (what's happening in the EU, atm).
>>73668232
Because government had to account for their budget
>>73668105
>New Capital projects are hardly ever funded with savings, they are funded with Debt.
Fucking christ your circular reasoning.
Yeah a government can issue bonds to fund a capital investment. But those bonds are purchased though somebody else's savings as an investment. Yeah lots of pension funds are holding municipal bonds, but once again that is savings used to purchase the bonds to fund the investment.
Your skyscraper could be partially funded though a REIT (realesate investment trust), again it is savings that purchase shares in the REIT that is an investment toward future returns.
None of these things require inflation or new money.
What you are advocating for is a true no-no. The government prints money to fund a budget deficit part of which funds a construction project.
>>73668135
>Re SS. we are moving toward 2 workers for retiree vs old 7 employees per retiree. It's fucked. But you still have to pay into it.
Social Security isn't fucked. It isn't a lockbox like Al Gore describes. If you take in less than you pay out, you just have to cover it with resources from your general fund.
The largest expenditure, by far is military. If we reduced that by 33% we could fund social security at a much higher level.
>>73668135
>and the rate of increase is less than the rate of inflation
That's because the C.P.I. is a basket of consumer goods (aka what an old person would spend their money on who is using SS to subsist on) rather than the inflation rate for the whole economy.
Basing it on CPI will actually give oldsters more money this year because if it was just inflation as a whole they would get less of an increase since CPI doesnt include the price of gasoline, which dropped over the last year.
>>73668310
Not liberal logic. Fact of life. We live in a neo capitalist economy. You are not allowed to save.
Inflation is a natural byproduct of a healthy economy
Gold and or silver backed currency.
>>73668352
well that's why it's in all-caps, senpai
>>73667113
You produce exactly as much currency as the economy currently needs to cover growth of goods and services or base your currency on a resource that is finite.
So, solving it either takes an impossible amount of speculation, or can have results that are worse that inflation.
>>73667458
>Being proud of risking your life for a wage that is unlivable
Fucking boomers I swear to christ
>>73668444
"General fund"
>debtclock.org
>>73668250
the banks that went under were selling consumer debt rather than commercial debt.
There was no commercial lender who went under. Because commercial loans are scrutinized at a higher rate than loans for mortgage.
>>73667407
Rising wages
>>73668463
>infinite growth
>healthy
>>73667113
Start using Coupons
>>73668000
spending is literally how you make money, senpai
when you put less restrictions on the money supply, people and institutions (namely banks) can spend and invest more.
yeah you get inflation, but that's just a byproduct of an expanding economy.
>>73668252
>you are correct but you are not explaining things properly.
I am explaining the cheap dollar policy, which is the official policy of the federal reserve to keep US GDP propped up.
>>73668494
Is stupid. Just as stupid as backing the economy with cucumbers shaped like penises. Both are commodities subject to scarcity but the penis shaped cucumbers are way more fun.
>>73668444
>Social Security isn't fucked. It isn't a lockbox like Al Gore describes. If you take in less than you pay out, you just have to cover it with resources from your general fund.
>The largest expenditure, by far is military. If we reduced that by 33% we could fund social security at a much higher level.
right now all of our non-discretionary spending (Social security, welfare, etc) is barely covered by tax receipts, and almost all discretionary spending (including the military) is covered by issuing new debt.
There is no 'general fund' available for SS. We only have 19T in debt and rising fast.
>>73668601
Worked fine since about 1750
>>73668436
There are two channels of lending: monetary and non-monetary. You are only talking about the non-monetary one. That's actually the smallest channel.
There is a difference between financial saving and the savings used in national accounting. Economists are always talking about the second one. Savings in national accounts are by definition equal to investment (in a closed economy) but national accounts say nothing about the direction of the relationship. Assuming Savings -> Investment is wrong. Lastly, you do not need financial saving to have investment.
Gold standard or Bitcoin standard.
Bitcoin standard would be better because in the future it might become possible to create more gold through science or find more gold in space. Bitcoin is immune to these things.
Bitcoin backed currency would actually be better than using Bitcoin as a currency.
>>73668601
I don't know where the infinite growth meme comes from. No economist says it is required lol
>>73668677
>he doesn't realize that the national debt includes the national savings (social security).
Hint: your savings account is recorded as a debt on the balance sheet by your bank
you know what...in 1972, $20 didn't even cover that many groceries. so what is gained by exaggerating in the image?
$10 per bag, about $100 a shopping cart full
Of course I was making $3.10 an hour.
1985: $20 a bag of groceries, about $200 for a full cart.
>>73668436
They don't require it, but as anon was saying, the standard practice today is to fund new projects with debt-based money. It's called fractional reserve lending, and under it, a dollar of savings can be lent out over ten times as debt.
>>73668541
>16$/hour is unlivable
Have you actually lived through poverty or are you talking out of your ass?
>>73667879
>>73668723
Gold standard also has problems. If you tie your currency to a commodity, the value of the currency becomes subject to fluctuations in the amount of that commodity in the market. For example, if we tie our currency to gold, and a huge gold mine is discovered, the value of our currency declines (as happened in Spain when the conquistadors discovered huge amounts of gold in the Americas).
What is needed is a currency back by labor, or perhaps by effort. I'm not really a fascist; but I think the currency exchange system which the Nazis came up with was not so bad... The only difficulty is that to choose such a system is to alienate yourself from world markets. And this may lead to war.
I love economy talk on /pol/ for the same exact reason I love tech threads on /g/.
Can't understand shit but can fawn all over it.
>>73668976
Economy threads on /pol/ are like science threads on /x/.
>>73668815
Maybe if you share an apartment with 4 people you can make it work
Around here the shittiest one room apartment in the city will run you about $1400 a month
>>73667113
Kill niggers?
>>73667498
This guy gets it.
https://www.youtube.com/watch?v=6UK0AZkJBmA
>>73667676
without the chicken and dressings your looking at 15$ tops
>>73669024
thats livable at $16/hr
>>73669024
Move out of cuckville I can get a 2 bedroom pit set mobile home for 500 bucks a month with my own property to boot
>>73669019
Tbqh /x/ is bad for pretty much everything. Every schizoid teenager who wants to bang a succubus somehow winds up on /x/. No one over there wants to talk about Evola and Guenon's work on hermeticism with me. Sad!
>>73667113
oh hello corporate america. yes i would love it if you stopped overpricing necessities, thank you. please don't shoot us. -"We, The People" (of 2016).
While inflation too high is a problem that stifles growth the idea that inflation above 4% is totally destructive to the economy is not true.
If you bought a house in 1978 your APR was about 18.5% and things did not come tumbling down.
>>73667498
>He doesn't understand MMT
The financial industry is a black hole of money from which nothing can escape.
The government desperately prints more money in the hopes that some of it, any of it, will make it into the private sector.
>>73668789
fractional reserve lending just means the bank does not have to hold its entire savings stock in reserve. They only have to keep say 10% of your money on hand as cash, but can lend out 90% of it for a long term investment.
All I am saying is that the original principal being redirected into a loan is a real savings or investment, that HAD to occur before the wealth is spent. This is savings preceding investment.
>>73667113
I think you're forgetting that we also EARNED less in 1972 and 92.
$20 was probably the same as $50 back then.
>>73669323
Anon, do you know much about fractional reserve lending? I understand the reserve requirement ratio, the money multiplier - all of that. But is there a flaw in it? If the FDIC prevents bank runs by insuring depositors.... Where's the flaw? I'm not saying there isn't one; I just honestly don't know enough about it.
>>73667587
>Just inflate your currency goyim!
>Then you won't just have the refugees causing the problems, but your economy will collapse too!
>>73669469
The primary flaw of fractional reserve lending is that banks are allowed to invent money out of thin air.
If anyone else did that it would be called an illegal ponzi scheme or worse.
Free the market.
>>73669374
You might want to look at the average lifestyle people had in the 70s compared to now, and the ratio between lower, middle and upper class.
>>73667113
It's not a problem for you fatty.
They are fixing the problem, your waistline.
https://www.youtube.com/watch?v=nn7FEQrA_MA
Inflation is desirable. If money loses value with time, you'd want to get rid of it as fast as possible. This incentivizes consumption and investment. As long as it's not inflating so fast people would be better of not using the currency. Currency isn't meant to be a long term investment, and inflation keeps it from being one.
The central bank "prints" money and lend it to other banks, banks which in turn lend it to other entities. As such the central bank prints more money when the economy requests more money. If money value was just regulated by supply and demand, it would increase in value during good economic climates due to increased demand, preventing investments from actually being made during times when it's a good idea to make them.
It's important to see what things actually creates value. A loan towards building a new factory creates value. Your life fortune hidden in your mattress does not create value.
Barter system
>>73669277
The government does not print money, it just prints the bills. It's only money after it's passed through the Fed.
>>73669538
Right, but the process by which fractional reserve lending creates value isn't terribly different from the processes by which the Fed creates value when it prints money, or how value is created when countries specialize and trade. Imaginary value, which translates to real money *eventually*, is created in all cases. What I'm really asking is whether the specific processes of fractional reserve lending may lead to a collapse ... As I see it, as long as the federal government remains functional, and as long as commercial banks don't tank, the system will continue operating just fine.
>>73669677
Still, my point is valid.
The amount of value that $20 has in those years directly correlates with how much food is in the trolleys
>>73669469
>>73669538
It is legal because it increases the velocity of money and economic growth.
A bank is a company that theoretically serves some public service. The laws created to regulate that entity are created (again theoretically) to make it serve the public good.
If you have a government captured by wall-street, then the banks themselves can operate outside the public good.
I personally don't have a problem with fractional reserve banking because it is a useful tool. Banks 99.9% of the time don't need to have 100% of your deposit on hand in cash.
But banks should never be backed by the public purse. I'm ok with FDIC insurance, but the rich should get wiped out with a bank failure, and the fear of that should keep the system well regulated.
The current system is a perversion, but not due to fractional reserve (imho), its just due to good old fashioned corruption and regulatory capture.
>>73669795
>Your life fortune hidden in your mattress does not create value.
You realize nobody does this right? They save in banks who lend PROFESSIONALLY
Even if someone "hoards" money they cannot grow it by hoarding, they have to make it available to society to grow it.
And even in the case of under the mattress, its is just like a coiled spring, its potential energy, it WILL get spent one day
Literally nothing of value was lost
Consumption for its own sake is not 'good' Investments can be made foolishly and mal-investments destroy wealth, something that does not happen when you put money under your mattress
>>73668815
>>73669024
>>73669204
Living in a van is free faggots.
>he doesnt even get a foodbox from the redcross
Id fucking rape a dog for $10/hr.
>>73667113
Bah, you just have to shop around for mark downs, check ads, and use coupons.
>>73670056
>The laws created to regulate that entity are created (again theoretically) to make it serve the public good.
No. The laws are created to mar sure the public good is not harmed. That's very different to serving the public good. Banks, like any company, only serve their shareholders.
>>73667391
No they arnt you cocksucking idiot. As society grows and more people are born there are more things to buy.
>>73670103
>Consumption for its own sake is not 'good
I don't think anyone is saying that. His example was hoarding money at 0% interest not in a bank (where they can use it to increase reserves, thus increasing lending) VS. taking the money and investing it is a commercial venture.
>>73669896
I don't believe that you can run up credit and debt forever, but even if I did, it's a private organization with ties to government and no accountability.
>>73670213
Creating more currency doesn't create more things, you just have a larger money supply bidding up the prices of the same amount of things
thus inflation
>>73668352
$15 would be something like 50% higher than the real minimum wage has ever been in the history of the country faggot. Of course they're complaining.
Bits
>>73670187
>Banks, like any company, only serve their shareholders.
yes, but within a legal and regulatory framework that allows for its legal creation. For better or worse there are not too many black markets around.
I think we are only debating nuance here.
>>73667113
by that logic people in the past are richer because in 1992 the average income for blue collar workers is $1200 a month
>>73670620
People in the past were richer,
My Grandpa raised a family of 8 by driving a snowplow and other municipal labor and his wife stayed at home
>>73669254
In conclusion, America deserves poverty for being huge cucks.
hershy bar was 10 cents for 70 years
while
on
gold
standard
but they removed silver standard first
silver stronk
>>73667113
Twenty dollars in real money (gold_) Will buy a shit ton more now than it did in nineteen seventy two OP.
There is no inflation when you are talking about real money
slight inflation on a long run is desired
why would you prevent it?
>>73670858
But inflation is a good thing and gold is a fucking atrocious currency.
Are you honestly this retarded?
>>73667113
Move the decimal over to the left. There I solved it. Fuck you.
>>73670892
It's just goldbugs trying to convince people their half-baked ideas have merit.
>>73668716
I really can't make sense of what you are saying here.
I was going to tease (Portugal & money), but instead can you expand your argument.
The only thing I can find about non-monetary lending is non-monetary defaults, which does not seem to make any sense.
Re: investment without savings, the only thing I can think about an investment of time to do something like building or farming - but there you are starting with a non-monetary savings of time that you can spend as you wish.
But I don't see how this is relevant to the sort of capital investment discussions we have been having- but is interesting from a ground-up economic bootstrapping scenario.
Thoughts?
Debt.
>>73670857
>but they removed silver standard first
Are you so sure about that? Gold was taken out of the currency, stolen from the sheeple, and made illegal to own in 1933, while our coins were (not the penny or nickel_) but most of the coins were ninety percent silber until 1964
>>73670920
Good for what? Enslaving workers to continued and excessive labor?
>>73667113
>/pol/ economics threads
oh god please no these are the worst.
>>73670115
>Id fucking rape a dog for $10/hr.
It's shit like this that keeps me slaving away to the system. Why quit my job I hate when other people are starving in a van down by the river.
>>73667847
Do you even understand economics you dipshit
>>73667113
>What's the solution to inflation? How do we prevent it?
Give people free college, raise the minimum wage to $15 (this is the important part), give everybody free healthcare, and tax ourselves into prosperity
>>73670920
Being called retarded by a shill like you is like open invitation to MENSA, so thanks Ben Shalom!
>Inflation
>Government literally stealing our money through printing and devaluation
>Making us poor
>A good thing
>Gold
>Currency of kings
>A bad thing
>>73671158
Inflation is a great thing if you're the one printing money like a madman, impoverishing the nation and making yourself insanely wealthy(government.fed)
>>73670920
Venezuela would like to have a word with you.
Having government control the printing press allows them to behave irrationally for longer.
We would not have a welfare state or maybe even have fought Vietnam like we did without the capacity of the govt to print money.
Hard money can help keep an economy and country grounded to reality.
I saw it mentioned earlier in this thread and have read elsewhere that money is nothing but frozen human time. Why should a government be allowed to devalue that on a whim?
abolish all central banks
>>73670963
Did you know the value of the USD was practically fixed from its inception right up until the switch to fiat? For hundreds of years, a dollar pretty much had the same level of purchasing power. Imagine knowing how much something will be worth 300 years from now. It's a convenience we can't even imagine because we'd rather be cucked by a literal jewish banking cartel called the federal reserve.
>>73667113
Will I ever be able to buy stuff for dimes and quarters like people did in the 50s?
>Great thread
>ruined by goldbugs
>>73670103
>even if someone "hoards" money they cannot grow it by hoarding, they have to make it available to society to grow it.
That's not true. It's only true because we print money. If we didn't, money would increase in value just sitting there, just like any other resource. There are more people today than in 1972 that need to be paid a wage. If we had the same volume of money, we'd be forced to pay each person on average a smaller absolute quantity of dollars in wage. We wouldn't be poorer just because we have fewer papers with dollar signs on them, so the papers would have to be worth more since your wage still has to be equal in value to your labor. All the economic growth would have to channeled into the same quantity of money. So, money would certainly increase in value with time, roughly at the same rate as the economy at whole.
Any consumption is good for the economy. If it's a "bad" consumption for you it's still a good for whomever you gave the money too. They can build more factories and hire more employees, which is good for all those people. Those employees would spend their wages in stores and the circle repeats. The money doesn't disappear when used, it goes in circles. YOU have to choose what you spend your money on, so you have good and bad investments. The money itself is reusable. It's only wasted when not in use. It can be bad for society, or the world, or the state, but it's good for the economy.
>>73671434
with all due respect, that is a nonsense comment anon. You are not going to abolish any central banks, much less all. The chance of you doing that is zero point zero.
You can however be your own central bank (by owning gold physical_) but do you want that? NOOOOOOOO
>>73667113
a funny book used to cost 25 cents in the 70s. Now they are like $5
>>73671500
>Will I ever be able to buy stuff for dimes and quarters like people did in the 50s?
If you have the same quarters from the fiftees ( ninety percent silber ) you can still buy stuff anon. Modern debased coins? Not so much.
>>73671158
paying national debt which probably should have never been accumulated in the first place
>>73671569
Not as outlandish as it would first appear. Inflation and debt are caught in an exponential system by design. An exponential system will eventually collapse under its own weight - it can't defy the mathematics. When it collapses we might learn not to trust jews with our money this time.
might is right, but one day the Jews will fall. do not be deceived by their jewish tricks in this thread, all sane humans can live comfortable lives without relying on the Gov.
Collapse the world-wide economy in totality.
>>73667638
/thread
>>73667264
>american education
>>73671806
No its good for delaying national debt repayment because if you know for a fact your money is worth more now, if makes more sense to sign contracts and delay payment until the relative value has gone down which is also the justification for lenders to impose interest and charge even more to the end consumer.
