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According to your view, you cannot change anything ever. Take a look at microcredits. Give women in Africa $50 or $100 to start up their own business. They know
by arviewer 10y ago
According to your view, you cannot change anything ever. Take a look at microcredits. Give women in Africa $50 or $100 to start up their own business. They know exactly what to do, and it really helps. Isn't this something similar?
- VincentEvans 10y agoI recall a recent article about that. I really can't recall much of the detail - but it was about how after an immediate success from the monetary infusion, most of the bushiness folded shortly after because owners fell victims to corruption, extortion and crime. So yes, it is similar, but not in a good way. :)
- swsieber 10y agoI think what the parent was referring to was that a universal increase of money supply basically leads to inflation. I think. I'd welcome any clarification to my attempted summary.
- VincentEvans 10y agoYes, but i don't know whether what i observer is your standard "typical economic inflation" or some very particular phenomenon targeting the poor. A disabled relative of mine is considering signing with Uber to lease their car (did you know Uber leases?) to make some money. After paying for gas and insurance - he is literally working slave wage. I thought this is relevant somehow.
- theseatoms 10y agoIf the prices of goods and services rise, and their quality does not change, then yes that's inflation. But the quality of goods/services delivered should go up. (That's the point.)