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Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers by jel9392mdke on Wednesday May 09, 2018 @10:51AM (#17030267)
People hoard capital now (currency being one form). Look at the result of the tax cuts leading to stock buy backs

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.”

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"?
Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers by Spooky23 on Wednesday May 09, 2018 @11:49AM (#17030751)
When all of that happened, inflation never increased above 5%.

Look at an inflation chart from 1900-today. 1984-today is basically flat. It’s never been less risky to hoard dollars.