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Aug 3 2023 10:09am
Quote (MyEnemy @ Aug 2 2023 07:31pm)
The problem with using commodities like gold and silver for currency is that you then tie up those valuable commodities into a relatively useless form, i.e. a coin. Energy is the only real currency, it's just waiting to be quantified into a currency. Humans are too stupid, evil, greedy, whatever you want to call it to implement energy as a currency anyway.

Also inflation is just a form of taxation, a way for those with the power to create money to take wealth from those who don't.


Government disagrees here. Only lazy workers can't afford the inflation.

This post was edited by RedFromWinter on Aug 3 2023 10:09am
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Aug 3 2023 10:52am
Really the two used methods to correct inflation just disproportionately impact the lower class, it's unfortunate.

Most of us in career maturity that have been relatively successful have had our earnings adjusted for inflation annually, typically can carry higher interest rates or tax burdens because of our larger disposable income pool and can readily afford goods still even if theres a significant increase in price which quells demand a bit.

Poor people and middle-class always getting the shaft.
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Aug 3 2023 10:56pm
There has always been inflation and deflation with occasional complete collapses.

This is not to say that inflation hasn't been embraced by the US especially and seen as the only way to progress, thus introducing false inflation simply out of the dogmatic belief it is inherently good. Nevermind that it is unsustainable, they promise they'll figure out infinity before we hit infinity.
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Aug 4 2023 07:41am
Quote (El1te @ Aug 2 2023 06:26pm)
You're right and that's to my understanding the main idea behind the current US system. Money is created only for payment for a good or service which works well when you don't have radical leftist governments printing money to give away for free.


trump increased the national debt by 33% and sent stimulus checks to everyone with his name on the checks.

not arguing that both sides increase the national debt but cmon man lol...
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Aug 4 2023 07:43am
Look up the price of tulips in the 17th century.
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