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A comment on Jack Dorsey is giving Andrew Yang $5M to build the case for a basic income. Parent comment

Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by toomuchtodo on Thursday May 21, 2020 @09:43AM (#23258225)
Savers aren't entitled to a return. No one is entitled to fiat holding or increasing in value. The utility value of capital is declining, plain and simply.

https://www.visualcapitalist.com/700-year-decline-of-interes...

https://www.ecb.europa.eu/stats/policy_and_exchange_rates/ke...

https://fred.stlouisfed.org/series/INTDSRJPM193N

http://www.nationalbanken.dk/en/marketinfo/official_interest...

https://www.riksbank.se/en-gb/statistics/search-interest--ex...

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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by beamatronic on Thursday May 21, 2020 @10:08AM (#23258506)
It almost seems like the best use of cash is to use it as a down payment for a loan on an appreciating asset (like a house)
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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by toomuchtodo on Thursday May 21, 2020 @10:11AM (#23258537)
What happens if the house no longer appreciates?
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Re:Jack Dorsey is giving Andrew Yang $5M to build the case f... by alexmingoia on Thursday May 21, 2020 @10:36PM (#23268171)
Yeah, they’re entitled to a loss through inflation-based monetary policy and debasement.
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