Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by Spooky23 on Wednesday May 09, 2018 @11:11AM
(#17030413)
No, it’s a motivation to abandon monetary policy focused on eliminating inflation and re-prioritizing employment.
The solution to hoarding capital is inflation or direct taxation of asssts.
Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by daxorid on Wednesday May 09, 2018 @11:30AM
(#17030574)
What? In what world is QE 1,2, and 3, the dramatic and unprecedented expansion of the ECB's balance sheet, and the BOJ and SNB openly buying equities "focused on eliminating inflation"?
This is more motivation to transition from currency based societies and focus on outcomes that benefit labor first
It’s plain there is no free market when currency monopolists can control not just what we work on looks like, but whether anything is worked on at all
There is great demand for the end of war, housing, social services, and universal healthcare. Cottage industry can rise around that instead of digital assistants that schedule hair cuts.
But we’re forced to prioritize the tasks the currency monopolists dictate, putting our own communities second
Adam Smith only mentions a markets in the context of a free labor market for workers of equal condition to move about freely
Mandate universal healthcare. It’s just as important to a secure and free nation as guns and is a potent first step to saying “we’re not interested in addressing the needs of stock markets and distant currency monopolists.”