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I guess you don't know how money works in the modern economy. The majority of money is not created by commercial banks out of thin air, but not unreasonably (at
by ItsMe000001 8y ago
I guess you don't know how money works in the modern economy. The majority of money is not created by commercial banks out of thin air, but not unreasonably (at least the actual concept is not unreasonable) - they can only do so when they have a "partner" (customer) willing to sign a debt agreement that they will pay back that amount, plus interest. So banks can't just create what they want.
The government GIVES you the money in the first place, you would be nothing living in a mud hut in the swamp without the "evil government". It's not "your" money to begin with. If you want to know what is "yours" go to the middle of the forest and live there, all the stone tools and grass huts you manage to build are all yours, no "stealing" from government. Everything you have you owe to luck of birth, that you were not born nearer the beginning of humanity but today. You live off of network effects of connected humanity in time and space. Don't give me that BS of "your money". Everything you are is 99.999999999999999999% NOT made by you.
By the way, we have had a HUGE increase in money over real economy for decades - and only very low inflation. Your ignorance is a bit too extreme for my taste.
- nylonstrung 8y agoVery low inflation nominally, according to a measure that does not factor in 1. Rent 2. Medical Expenses and Health Insurance 3. Education, stuff that matters more than the eggs and milk the CPI measures