Re:Full Employment
by zumachase on Thursday July 09, 2020 @02:33AM
(#23777553)
No, I’m not. You’re making a very simple argument of an extremely complex issue. That only holds up in a world of unlimited resource. As long as energy and raw materials are finite, the above does not hold.
More importantly, you’re conflating two things: we needn’t necessarily print money. Let’s presume your comment were correct. Nonetheless, in the absence of such monetary policy, consumption would plummet and deflation would reign. Thus, it is still inflationary.
Re:Full Employment
by wz1000 on Thursday July 09, 2020 @04:12AM
(#23778026)
Again, you are missing the point. Yes, it is inflationary, but the inflation caused will not be the end of the world. As you admit, most of it will simply counteract the deflationary effects of unemployment and full automation.
More importantly, you’re conflating two things: we needn’t necessarily print money. Let’s presume your comment were correct. Nonetheless, in the absence of such monetary policy, consumption would plummet and deflation would reign. Thus, it is still inflationary.