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The planet's ressources are finite though. When you print money, you don't create value, since there's still the same amount of matter being traded around, you
by grimblee 1y ago
The planet's ressources are finite though. When you print money, you don't create value, since there's still the same amount of matter being traded around, you just reduce the value of everybody's money.
And so you rob everybody.
- jsbg 1y agoYou are conflating money and value. Value is infinite, e.g. compare the world today to 200 years ago. Even relatively poor people live better today than kings did then. Creating value is not the same as printing money.
- ccortes 1y agoWould we live with the same standards today if we had never printed any money?
- jsbg 1y agoarguably we would have better standards because it would mean less spent on wars, which are pure destruction of value
- h2zizzle 1y agoValue is limited to the total possible energy expenditure of the human population and our autonamous/semi-autonamous proxies (tools, domesticated animals, etc.). It would seem practically limitless because of the scale of human industry in comparison to the energy access afforded to us by nature in it's current state, but obviously value drops commensurate with potential expenditure-destroying events. Natural disasters, war, etc. are examples, but so are things like drops in consumer confidence and labor strikes.
- jsbg 1y ago> Value is limited to the total possible energy expenditure of the human population and says who?
- jpadkins 1y agoWhat natural resource are we running short of? Land might be at the top of the list, but we are only utilizing 70% of that. And if we get low on that, we just switch to aqua-farming or floating cities. No one is hoarding all the natural resources. No argument that printing money devalues everyone else (this is the definition of inflation). End the Fed.