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GP didn't claim it was fixed, only that the creation of more money brings inflation. Which is a pretty basic fact. > Total prosperity of world has increased in
by streetfighter64 18d ago
GP didn't claim it was fixed, only that the creation of more money brings inflation. Which is a pretty basic fact.
> Total prosperity of world has increased inflation adjusted over 100 years. Why?
Clearly, because people have worked to bring value to the world. But, most people actually doing the work see very little of the profits.
I often see this argument, "you have access to food, housing, healthcare etc., so that means that the system is working great". But you're missing the fact that me, my parents, and their parents, and their peers, have all worked to create all of that stuff. While simultaneously working to create the private jets and luxury yachts for the 1%.
In a more fair system we'd have twice as much prosperity, or work half as hard.