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A comment on Low interest rates in advanced countries have pushed money into real estate. Parent comment

Re:Low interest rates in advanced countries have pushed mone... by imtringued on Thursday November 25, 2021 @03:03AM (#29339242)
The cantillon effect only exists for taxes and government spending. You have a bank in every city, private money creation is fully geographically decentralized.

Also, "sound money" is anti democratic because the whole point of a fixed supply is to make money exclusive and let existing social classes maintain their status (kings and aristocrats owned a lot of gold mines and thereby controlled the economy)

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Re:Low interest rates in advanced countries have pushed mone... by atweiden on Thursday November 25, 2021 @05:18AM (#29339989)
What even is “democratic money”? We live in a plutocracy, do we not [1]?

> whole point of a fixed supply is to make money exclusive

In this case, it’s to obviate the need to take your inflationary funbucks to what is essentially a casino, or otherwise park it in residential property in the hopes of not getting debased.

[1]: http://www.princeton.edu/~mgilens/Gilens%20homepage%20materi...

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