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Messing with the money supply hits it’s natural end? Leave interest rates low - inflation burns up asset prices. Run high? Asset prices fall as NPV values futur
by lumost 3y ago
Messing with the money supply hits it’s natural end? Leave interest rates low - inflation burns up asset prices. Run high? Asset prices fall as NPV values future cash flows less.
At some point we have to fix structural economic problems without the money printer.
- great_psy 3y agoHow can we fix the problem without the money printer ? There’s so much debt, individuals, corporations and governments are all deep in debt. We can just pretend the debt does not exist (restructuring) but that’s pretty much the same as printing that amount of money, just done in a different way. The only non-printer way is to get some sort of exponential productivity gain. Maybe if we get the absolutely best case for AI that could give the productivity gains we need. Obviously assuming the benefits of AI are shared in an equitable way.