News for hackers. Stuff that matters.

skadiddle

Re:Inequality, Interest Rates, Aging, and the Role of Central Banks on Wednesday September 01, 2021 @12:19PM (#28381842)
> if the diminishing utility axiom were true we could start redistributing now, but one would predict the money owners would be against it.

If something has diminishing *marginal* utility if doesn't follow that a third party has a right to seize it(property rights, different/tangential topic). Therefore this:

> It's proof by contradiction - everyone knows money is political power.

Is an inconsequential conclusion.