The monetary system works by (a) government spending (b) lending from banks. The money from the banks pretty much just gloms onto the supply chain that grows up

The monetary system works by (a) government spending (b) lending from banks. The money from the banks pretty much just gloms onto the supply chain that grows up around the government spending… banks just lend to things that already have money, and the things that already have money before banks tend to get it from direct government spending. As debt is paid off, liquidity is removed from the system. Also as the filthy rich stock money into their hedge funds, it is also removed from the system for practical purposes. So without a constant inflation pressure, we instead get deflation. Now imagine if instead of supplying that inflation pressure by keeping a low interest rate for banks, we supplied it by spending money on an army of caretakers? Well you’d end up with people having money in their pockets for a change which would cause short term inflation like we just saw from the stimulus, but then once people had their needs supplied m, it would calm down and we’d just have more people employed. The downside for the rich would be that more of the population would have savings and thus be harder to manipulate. But i think lots of people would find more satisfaction at that than their current jobs, many of which only exist for the sake of “We need to create jobs,” or because of some bloated financial middleman industry we created through government spending that had lobbyists get in the mix