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A comment on Humans Have Pumped Enough Groundwater to Change the Tilt of the Earth. Parent comment

Re:Humans Have Pumped Enough Groundwater to Change the Tilt ... by MrPatan on Saturday June 17, 2023 @05:27AM (#36368648)
Steady state thinking. Of course gold would become cheaper, sure. But you will have bought all the actual productive assets first!

This is the same trick economists play when saying "inflation doesn't matter". It doesn't in the steady state, but in the meanwhile, I printed the money and gave it to my friends, who do you think is going to end up owning all the hard assets?

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Re:Humans Have Pumped Enough Groundwater to Change the Tilt ... by bruce511 on Saturday June 17, 2023 @03:40PM (#36373797)
In that time "ownership" of assets was a highly fluid concept. Kings nominally owned all the assets already, and as more than a few discovered, loose is the head that wears the crown.
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