RE: Andrew Yang's Siren Song of Free Money Will Cost You Dearly
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".
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/
You seem to have a disconnect in understanding the consequences of overprinting a currency. I don't know how to get you there. The collapse is coming, and the program you want to see will get us there faster. Not only will it get us there faster, but it will also create a whole class of individuals who will feel extra entitled by the time the collapse hits. They'll feel extra entitled because of the "free money" that worked for a very short period of time before ultimately triggering the end of the dollar as we know it. You seem confident in your misunderstandings and that's fine, we can certainly agree to disagree.
You seem to not understand that overprinting is a relative term, and you seem to think that the empirical evidence that there is for inflation in relation to money in circulation/on account which hardly correlates isn't indicative of the nature of inflation (which is not overprinting, how did Brazil reverse inflation again?). Go inform yourself, your fake platitudes and concern is obvious, if you really cared you would begin at home, examining your "understanding" and knowledge of inflation, of the numerous ubi experiments. All you're doing is spreading FUD. You don't have any idea about ubi, and a very telling low brow opinion of your fellow man, of an entire generation, a "whole class".
The collapse is still coming, this has been the same line that has been repeated by people for 80 years. In fact, giving money creation to the fed, (money creation which is initiated by the public, on behalf of the public, for the public) and moving off a commodity backed standard was the sanest thing to do. Not only did it add to the stability of money because there was no commodity to hoard and manipulate the market with to hedge bets against the currency, neither oil or silver/gold, but it allowed for wealth to be created freely, without putting pressure on the scarce money, that with each consequent economic boom, it would devalue goods and services through monetary scarcity, and nothing else, something that is the opposite of overprinting, something that is relative, just imagine what a failure it would have been to pay in gold backed dollars, I don't think you know or understand the perils of commodity money, as much as you are under the assumption that they are the only sound money.
The fed has U.S. in perpetual servitude. It's literally impossible to pay them back. The only way to pay them back would be to borrow from them enough money to do so, and then we'd be in even more debt. The fed is the epitome of modern high tech slavery. The federal reserve owns the country and everyone in it and can willy-nilly make or break us with a simple hike or drop in the interest rate. Your worship of their system seems so strange. I think you've tipped your hand with the below statement.
If you get the chance, please watch this and share your thoughts about it.
And what's the point? You regurgitate the same nonsense that other fear mongering idiots do, as if we HAVE to pay them a penny, or as if they can call the shots, as if what? They'll stop running the mills? Are you that simple minded?
Indebt to who? You don't know what you're talking about. What can the fed do? Not shit that's what. You know who gives the orders? Not the fucking fed. O no, we owe the fed all this money. Because? Lol you don't know what the fuck you're talking about. Keep regurgitating the nonsense without any critical thought regarding it.
Yeah, I'm worshipping a money printer. As if the value comes from them, as if they can provide a shred of evidence for their loss, which any tort or broken contract depends on, as if they have nothing to lose by fucking with their employers and hiking up interests rates, because they aren't getting paid? Wake up, you literally believe that gold could ever account for one percent of one percent of one percent of the wealth being created Daily by the world? You think it could be a good medium of exchange when we would be paying for cars in micrograms and don't even talk about anything cheaper. Every time anything is created and is in demand, it makes the money more scarce, since the money doesn't increase with the consumption. It leads directly to exactly the same effects as hyperinflation, except that instead of not enough worthless money to buy a bread is replaced with no way to pay anyone anyhhing since the money is that scarce.
You don't seem to understand that a lack of money is as bad as hyperinflation, or worse, and you sit there talking about overprinting and inflation when you disregard the numerous sources that were provided /referenced that dispel that nonsense with hard facts, it's even in the white paper, it dispels the myth with hard fact. You don't seem to understand, again, that overprinting is a relative term, and that by hard facts the QTM is only a theory, to this day, more than 300 years since it was first proposed, and without the evidence for it, which is why that investopedia article spells it out that almost no economists subscribe to it.
That was among the most common critiques. I doubt you bothered to read it, or bothered to entertain it, or explore it, investigate it, but you sure did spend a good minute writing about something you have no fucking clue about. Ergo you are reduced to
"la la la I am right you are wrong I don't care what you say la la la la la" walks away with ears plugged yelling "la la la"
Mockery didn't return the intended result?
I don't even know what your quoting. It's common sense that money printing leads to devaluation of the dollar. When exactly it leads to hyperinflation is any one's guess. The world is already turning away from the petrodollar and every time they try the U.S. tries to reign them back in with threats of warfare. It'll only work for so long before something wicked this way comes. The U.S. couldn't even make good on the "free health care" pipe dream which turned into "affordable health care" and that wasn't even affordable and you're going to trust that a UBI will work out? Once these hustles get into place it's almost impossible to undo the damage done, and to roll it back. In fact, it takes an act of congress. Be careful what you wish for, you might just get it.
Of course you don't know what I'm quoting, it's why I said I doubt you bothered to read it, it's literally the last article I linked after you tried to mock ubi or the people of Zimbabwe or both. If you read the white paper you'll not consider inflation as simple as you think. It talks about how more money printed doesn't translate into devaluing the dollar, contrary to your so called "common sense". If you bothered to read the investopedia article you'll see that theory is not supported by most economists, like I quoted, or empirical evidence. Yet here you are still talking about something you don't know shit about, besides ubi. The same thing was pointed out in the medium article on Inflation and UBI I linked in response to your theory of increased cost of living, blowing both out of the water.