4 ms·
Printing money is a tax on you, that's what inflation is - and you don't even get to grade things via tax brackets.
by miloignis 3y ago
Printing money is a tax on you, that's what inflation is - and you don't even get to grade things via tax brackets.
- CrzyLngPwd 3y agoIt's not really, though. We can be 74 zelenskys in debt, and no one really cares. We can always find more zelensky or manufacture more from thin air, it's really no problem for us.
- mixedCase 3y ago> We can be 74 zelenskys in debt, and no one really cares Except for basic demand and supply. The more of those "zelenskys" you have around, the less they're worth.
- CrzyLngPwd 3y agoMilitary leverage. Deaths-per-dollar is functionally converted to zelenskys.
- miloignis 3y agoPeople do care when inflation goes up! Everyone complains when food and gas and rent costs more. The issue with printing money isn't being 74 zelenskys in debt, it's having massive inflation. Venezuela can print as much money as it wants, but they're in hyperinflation and it's terrible.
- deleted 3y ago[deleted]
- zooq_ai 3y agoYou have a fundamental misunderstanding of inflation. E.g Let's say you need 1 WikiToken to read a Wikipedia article. However the Wikimedia prints 10 Billion Tokens and distributes it to entire world for free. Next year it prints 20 Billion more and so on Will the cost of reading a Wiki article go up? No. Because we have excess capacity for serving Wikipedia articles Every cost in this world boils down to labor and if AI/Robots take over then cost of labor is 0 or in other words we have excess capacity and we can print in abandon.