4 ms·
Don't you want a money that people can't fuck with by printing according to politicians will?
by rafaelero 4y ago
Don't you want a money that people can't fuck with by printing according to politicians will?
- imtringued 4y agoHonestly why would anyone care about that? I am genuinely curious to hear what reason you have to want that other than rent seeking e.g increasing personal wealth without having to create more wealth. From what I can tell people who want a fixed supply currency basically just want to sit on it, wait for idiots who actually create wealth to do so and then take an undeserved cut. In other words they want to take the economy hostage for their own special interests and turn the rest of the population into debt slaves and finally reinstate feudalism.
- rafaelero 4y agoWhat do you do with your salary in the end of month? I bet you invest part of it. Why do you do that? Are you an investor? Do you think you have enough information to beat the market? I imagine you don't. You probably invest because you don't want to lose your purchasing power. That's all. This is what fiat system makes us do. I just want a currency that doesn't push me to have to invest my money all the time only to keep my monetary power. That's it. Simple as that.
- preseinger 4y agoNo. Obviously not. Money is not an arbitrary or objective thing. It is inextricably coupled to the power invested in sovereign governments. This is not a flaw. It is the product of thousands of years of human progress.