Re:Exponential growth devours and corrupts
by dnautics on Tuesday February 28, 2017 @04:36PM
(#13758162)
Begging your pardon, what evidence do you have to support your assertion that 'the money supply has to grow'?
The way I think of it is this: The fruits of techonological innovation are supposed to be the rising tide that lifts all boats; the mechanism by which it does this is by lowering prices. When you have systematic inflation, you are robbing the poor of their opportunity to get ahead and giving it to those who have first access to cheap money (wall street, political cronies, i.e. big contractor)
Re:Exponential growth devours and corrupts
by jmccaf on Tuesday February 28, 2017 @03:46PM
(#13757648)
Growth of economic activity and population is a collective choice we are making . We may eventually have less of economic activity, population, or both .
Re:Exponential growth devours and corrupts
by idiot_stick on Tuesday February 28, 2017 @04:27PM
(#13758034)
>Growth of economic activity and population is a collective choice
Collective choice, not government mandate as the person to whom I replied suggested.
The money supply has to grow with the growth of the economy and population, and it's better to have excesses than shortages. Or should we infinitely divide a single dollar for everyone to use?