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People hoard capital now (currency being one form). Look at the result of the tax cuts leading to stock buy backs This is more motivation to transition from cu

People hoard capital now (currency being one form). Look at the result of the tax cuts leading to stock buy backs This is more motivation to transition from currency based societies and focus on outcomes that benefit labor first It’s plain there is no free market when currency monopolists can control not just what we work on looks like, but whether anything is worked on at all There is great demand for the end of war, housing, social services, and universal healthcare. Cottage industry can rise around that instead of digital assistants that schedule hair cuts. But we’re forced to prioritize the tasks the currency monopolists dictate, putting our own communities second Adam Smith only mentions a markets in the context of a free labor market for workers of equal condition to move about freely Mandate universal healthcare. It’s just as important to a secure and free nation as guns and is a potent first step to saying “we’re not interested in addressing the needs of stock markets and distant currency monopolists.”

Spooky23 9y ago
No, it’s a motivation to abandon monetary policy focused on eliminating inflation and re-prioritizing employment. The solution to hoarding capital is inflation or direct taxation of asssts.
- daxorid 9y ago
  What? In what world is QE 1,2, and 3, the dramatic and unprecedented expansion of the ECB's balance sheet, and the BOJ and SNB openly buying equities "focused on eliminating inflation"?
  - Spooky23 9y ago
    When all of that happened, inflation never increased above 5%. Look at an inflation chart from 1900-today. 1984-today is basically flat. It’s never been less risky to hoard dollars.
- jel9392mdke 9y ago
  You have your notions, I have mine Economics are not physics. They rely only assumptions that only make sense in our culture Capitalism is like metric or imperial measuring systems; human invention to service human motivation Like metric and imperials there’s nothing in physics that prevents us from being more socialist It’s a matter of public will, as has been shown in the past with revolution and fall of empires. I’d rather we focus on enabling those that want to meet the demand on display in the contexts I’ve mentioned If people with all the dollars won’t enable that, to hell with their claims of being rich. They can hang onto all them dollars while we instead focus on getting those demands met

Spooky23 9y ago

No, it’s a motivation to abandon monetary policy focused on eliminating inflation and re-prioritizing employment. The solution to hoarding capital is inflation or direct taxation of asssts.

daxorid 9y ago
What? In what world is QE 1,2, and 3, the dramatic and unprecedented expansion of the ECB's balance sheet, and the BOJ and SNB openly buying equities "focused on eliminating inflation"?
- Spooky23 9y ago
  When all of that happened, inflation never increased above 5%. Look at an inflation chart from 1900-today. 1984-today is basically flat. It’s never been less risky to hoard dollars.
jel9392mdke 9y ago
You have your notions, I have mine Economics are not physics. They rely only assumptions that only make sense in our culture Capitalism is like metric or imperial measuring systems; human invention to service human motivation Like metric and imperials there’s nothing in physics that prevents us from being more socialist It’s a matter of public will, as has been shown in the past with revolution and fall of empires. I’d rather we focus on enabling those that want to meet the demand on display in the contexts I’ve mentioned If people with all the dollars won’t enable that, to hell with their claims of being rich. They can hang onto all them dollars while we instead focus on getting those demands met