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All this technology should be lowering the cost of living. Instead, constant inflation in the money supply, via the money multiplier effect, quantitative easin
by narrator 15y ago
All this technology should be lowering the cost of living. Instead, constant inflation in the money supply, via the money multiplier effect, quantitative easing and continuously falling interest rates, eats up all the benefits of increased technology and transfers them to the financial sector and their clients. If there wasn't this huge parasite of debt , which is getting paid to somebody, somewhere who doesn't have to work, thank you very much, it would be dirt cheap to live and people would be able to get by very easily with most of the population not having to work.