4 ms·
You make a number of predictions here which are really only based on conjecture. Why are you so certain that inflation will be a problem under BI? And why wou
by legutierr 13y ago
You make a number of predictions here which are really only based on conjecture. Why are you so certain that inflation will be a problem under BI? And why would price controls be inevitable?
The fact is that your opposition is a moral one, as your last statement shows.
- ctdonath 13y agoI predict inflation will be a problem with BI because: currency units are a representation of value, forced redistribution stretches that representation to include a distinct lack of value (wasn't earned), ergo the value represented by that currency unit decreases - to wit, inflation. Price controls are inevitable because as more people live on free money (no need to work if you just opt for frugality), basic prices will rise because demand rises against supply, causing political pressures to keep those prices down by fiat. Try understanding someone's reasoning before insulting it.