Re:America's rural radio stations are vanishing
by Spooky23 on Saturday June 08, 2019 @03:36PM
(#20134604)
You are describing legalized money laundering designed to tie up money and keep it out of circulation.
It will keep inflation away until it doesn’t, as some day the consequences of printing money will be felt. One of the most negative influences of civilization has been people hoarding wealth, and we’re reverting to an environment that empowers that.
Re:America's rural radio stations are vanishing
by RaptorJ on Saturday June 08, 2019 @10:08PM
(#20136561)
You'll only feel the consequences of printing money if productivity and population stop rising, and seeing as how the earth in infinitely large, I don't see that happening!
Re:America's rural radio stations are vanishing
by whenchamenia on Sunday June 09, 2019 @10:17AM
(#20139339)
Population is leveling off. Only developing nations are still growing in general. Your assumption, as those printing money, is equally flawed.
Money printing was a hack to deal with the economic money supply problems caused by the crazy population growth of the 19th and 20th centuries.
Re:America's rural radio stations are vanishing
by jeremyboom8 on Sunday June 09, 2019 @12:36PM
(#20140186)
> making money by destroying wealth.
http://artbrock.com/blog/magical-power-objects-and-sociopath...
Keynes seems to have been right about the problems of "saving beyond planned investment." It seems to create even more problems than he imagined. A little of it does end up finding interesting important ventures but most of it is big dumb money that chases bubbles or gets parked in socially destructive rent seeking operations. Money is made for some investors but the overall ROI for civilization is a net negative; making money by destroying wealth.