I'll have to look into that one. The "depreciation (of the Continental) was caused by the government printing large amounts of currency in order to meet the demands of war." When the currency is depreciated because of over printing the prices rise. That's inflation, first the money supply is inflated with printing too many notes, then the prices rise to compensate. If your money is collecting dust in a bank for too long, you're screwed.
Inflation is inherent because of market forces themselves. The more wealth is abundant the more people are willing to pay. You think it's a matter of more money but there are other important factors that come into play, which in the first article are referenced, and also in the white paper, and by the investopedia article, and like it says in that article, no emperical evidence. Inflation isn't that simple as "more money devalues money". You don't have any idea how much money it would cost to fund an ubi or how many times this has been tried in all kinds of shapes and sizes and the almost immediate positive effects on both the economy and society that had been discovered again and again. This is probably the sanest way to give capitalism a chance: let the poor man play the game. You think it's going to fail. Great, but you have about as much clue on either why it could fail or it's viability as you do on how inflation is caused or money creation works or intrinsic Vs historic.
When the currency is depreciated because of over printing the prices rise.
Over-printed, in relation to being printed just enough. You know what's funny, how you think it's so simple to repeat the ignorance of whoever wrote that nonsense. You don't have to explain to me how inflation works, and you can argue that inflation will be caused by more money forever, I'll just point out that fake money got nations out of inflation, remark about the outcome of numerous ubi programs, and point out the absurdity of valuating the world wealth in gold and how we will pay for cars in micrograms, and then point out that even if the fed wanted to pay themselves whatever comes after trillions, they couldn't spend it all, the fed is in the business of maintaining it's power and anything that erodes the people's trust in them cripples the value of dollars, gold on the other hand, you can fake about a dozen ways from Sunday and no one would feel safe carrying around the old bag of "here's literally everything I have, just spare me my life".
It doesn't matter where, this has been tested for decades numerous times. It's not magic to think that distributing wealth to the poor addressees numerous problems. This is what you seem completely oblivious to among other things, you literally knocked ubi down because of your notions of how it's funding would work, but you don't seem to understand neither how little it would cost to implement it or how effective it actually is, you literally used the exact same words to say that it wouldn't work that the ones you think of as thieves used to abruptly stop the experiment without releasing any relevant data or anything other than "it's not sustainable".
Let’s take a closer look at some of the critical claims in the context of sub-Saharan Africa, the region currently home for three quarters of world’s ultra-poor. A group called the Transfer Project has been studying large-scale Government unconditional cash transfers for about a decade. They have conducted rigorous evaluations to see how cash changed the behavior of beneficiaries over time—the majority of whom were well below the extreme poverty line. Research using eight evaluations in seven countries (Ethiopia, Ghana, Kenya, Lesotho, Malawi, Zambia and Zimbabwe) takes a look at some of the ideology:
And what follows are the various critiques that are raised ad nauseum by people much like yourself who have no idea what they're talking about. You literally are mocking something that you don't understand. You're reduced to mockery, why should I bother with someone who literally is talking shit about things that they have either rudimentary understanding or knowledge of, such as inflation, and otherwise has zero clue about ubi. You don't know shit, and by now, you should know that you don't know shit, unlike before when you thought you knew something but all it was is you not knowing that you didn't know. https://blogs.unicef.org/evidence-for-action/evidence-over-ideology-giving-unconditional-cash-in-africa/
https://idioms.thefreedictionary.com/not+worth+a+continental
Colonial Scrip, not continental, which came after, and which had nothing to do with the former.
I'll have to look into that one. The "depreciation (of the Continental) was caused by the government printing large amounts of currency in order to meet the demands of war." When the currency is depreciated because of over printing the prices rise. That's inflation, first the money supply is inflated with printing too many notes, then the prices rise to compensate. If your money is collecting dust in a bank for too long, you're screwed.
Inflation is inherent because of market forces themselves. The more wealth is abundant the more people are willing to pay. You think it's a matter of more money but there are other important factors that come into play, which in the first article are referenced, and also in the white paper, and by the investopedia article, and like it says in that article, no emperical evidence. Inflation isn't that simple as "more money devalues money". You don't have any idea how much money it would cost to fund an ubi or how many times this has been tried in all kinds of shapes and sizes and the almost immediate positive effects on both the economy and society that had been discovered again and again. This is probably the sanest way to give capitalism a chance: let the poor man play the game. You think it's going to fail. Great, but you have about as much clue on either why it could fail or it's viability as you do on how inflation is caused or money creation works or intrinsic Vs historic.
Over-printed, in relation to being printed just enough. You know what's funny, how you think it's so simple to repeat the ignorance of whoever wrote that nonsense. You don't have to explain to me how inflation works, and you can argue that inflation will be caused by more money forever, I'll just point out that fake money got nations out of inflation, remark about the outcome of numerous ubi programs, and point out the absurdity of valuating the world wealth in gold and how we will pay for cars in micrograms, and then point out that even if the fed wanted to pay themselves whatever comes after trillions, they couldn't spend it all, the fed is in the business of maintaining it's power and anything that erodes the people's trust in them cripples the value of dollars, gold on the other hand, you can fake about a dozen ways from Sunday and no one would feel safe carrying around the old bag of "here's literally everything I have, just spare me my life".
If "free money" is the magical solution to the world's problems lets test it out in Zimbabwe first, yes?
It doesn't matter where, this has been tested for decades numerous times. It's not magic to think that distributing wealth to the poor addressees numerous problems. This is what you seem completely oblivious to among other things, you literally knocked ubi down because of your notions of how it's funding would work, but you don't seem to understand neither how little it would cost to implement it or how effective it actually is, you literally used the exact same words to say that it wouldn't work that the ones you think of as thieves used to abruptly stop the experiment without releasing any relevant data or anything other than "it's not sustainable".
Perfect Zimbabwe it is, they have nothing to lose so if it doesn't work it's business as usual.
And what follows are the various critiques that are raised ad nauseum by people much like yourself who have no idea what they're talking about. You literally are mocking something that you don't understand. You're reduced to mockery, why should I bother with someone who literally is talking shit about things that they have either rudimentary understanding or knowledge of, such as inflation, and otherwise has zero clue about ubi. You don't know shit, and by now, you should know that you don't know shit, unlike before when you thought you knew something but all it was is you not knowing that you didn't know.
https://blogs.unicef.org/evidence-for-action/evidence-over-ideology-giving-unconditional-cash-in-africa/