Here's what the problem with money is

[Truck Fump / h1b]

Perhaps our legislators are not paid enough?

Focus, dumbass.

 

[danielpalos]

Focus, dumbass.

You first. Or, do you not really believe in Capitalism unlike what right-wingers proclaim in socialism threads? We already know many legislators "get rich" either before, during, or after public service. We should expect better public service from public servants in that case.

 

[Truck Fump / h1b]

You first. Or, do you not really believe in Capitalism unlike what right-wingers proclaim in socialism threads? We already know many legislators "get rich" either before, during, or after public service. We should expect better public service from public servants in that case.

In the context of fiat currency and state capture, mergers and acquisitions without trust busting, capitalism starts to look more and more corrupt.

 

[danielpalos]

In the context of fiat currency and state capture, mergers and acquisitions without trust busting, capitalism starts to look more and more corrupt.

The Point is we subscribe to Capitalism where Capital must make a difference if greed is to be good. Corruption is already a problem. Let's raise their salary so they don't feel any need to be corrupt?

 

[Truck Fump / h1b]

The Point is we subscribe to Capitalism where Capital must make a difference if greed is to be good. Corruption is already a problem. Let's raise their salary so they don't feel any need to be corrupt?

People printing money can always offer more. That's a losing strategy

It has to be an appeal to moral decency.

 

[Truck Fump / h1b]

Greed isn't good.

 

[danielpalos]

People printing money can always offer more. That's a losing strategy

It has to be an appeal to moral decency.

Here is the Capital point I am trying to make under Capitalism:

From 1978 to 2018, CEO compensation grew by 1,007.5% (940.3% under the options-realized measure), far outstripping S&P stock market growth (706.7%) and the wage growth of very high earners (339.2%). In contrast, wages for the typical worker grew by just 11.9%.

Can it be any coincidence that innovation has also been happening at a faster pace?

Besides, it could be claimed that low wages under Capitalism ensure mediocre labor under capitalism.

 

[danielpalos]

Greed isn't good.

Only socialists claim that.

 

[Truck Fump / h1b]

Only socialists claim that.

Not really. All moral people recognize greed as a flaw.

Oliver stone was mocking that sentiment in his 1980's film "wallstreet".

 

[danielpalos]

Not really. All moral people recognize greed as a flaw.

Oliver stone was mocking that sentiment in his 1980's film "wallstreet".

lol. Nobody takes right-wingers seriously about Capitalism. Socialists on a national or international basis is all y'all really seem to care to Be.

 

[Into the Night]

fiat money has value in as much as the issuing authority can compel you to use it.

fiat money is the lynchpin in the globalist control grid.

There is no such thing as a lynchpin of a meaningless buzzword...otherwise correct.

 

[Into the Night]

You only have a problem with physical fiat money not virtual fiat money, Right-Winger?

What's the difference? Fiat is fiat. It doesn't matter if it's bits or paper or anything else.

 

[Into the Night]

I have a problem with every notion of digital currency. bitcoin, etherballs, fuckcoin, whatever.

Interesting names for digital currency! Fuckcoin? Etherballs?

Personally, I think it would be cool if someone created a blockchain for Fuckcoins! I can hear the conversation with an exchanger now..."Hi. I'd like to convert $10 into Fuckcoin and $20 into Etherballs, please."

 

[Into the Night]

We should be more grateful for virtual currency than we currently are since it helped mitigate inflationary pressures on physical currencies, in my opinion.

Most dollars are in bits. Only a small amount of them are in paper. How does this help mitigate inflation by the government creating so many of them??

Upgrading physical infrastructure can help retrace or reverse inflationary tendencies and pressures, also in my opinion.

What 'physical infrastructure' do you speak of?

 

[Into the Night]

You fucking idiot.

cash means nothing. only a small percent of fiat money is ever cash.

fiat money is the cause of inflation.

you live in upside down town.

Fiat money is not the cause of inflation. You can have deflation or inflation with fiat money.

If you print money faster than wealth being created, you have inflation.
If you print money slower than wealth being created, you have deflation.

Governments generally want inflation. It means any money they borrow can be repaid with newly printed funny (fiat) money. it also means they can continue to operate and expand, paying their bureaucrats in funny money.

They don't give much of a damn about what inflation does to their constituents.

 

[Truck Fump / h1b]

Fiat money is not the cause of inflation. You can have deflation or inflation with fiat money.

If you print money faster than wealth being created, you have inflation.
If you print money slower than wealth being created, you have deflation.

Governments generally want inflation. It means any money they borrow can be repaid with newly printed funny (fiat) money. it also means they can continue to operate and expand, paying their bureaucrats in funny money.

They don't give much of a damn about what inflation does to their constituents.

governments always choose inflation.

 

[Into the Night]

I never believe right-wingers.

Bulverism fallacy.

Fantasy is all they have not any understanding of economics.

You are describing yourself.

Why did QE not cause all the inflation you allege

It did.

and proclaim in public venues through typical right-wing ignorance instead of Any Right-Wing Reason?

Try English. It works better.

Vote Blue not Red!

'Blue' (Democrats) gave us high inflation, massive shortages, high unemployement, three years of economic depression, the inability to determine the sex of an individual, the nullification of the very meaning of marriage, violent mobs burning, looting, and pillaging cities, massive voter suppression through election fraud, tyranny through the Church of Global Warming and the Church of Covid, a massive homeless problem in the cities, open looting and increasing crime due to no police or severely underfunded police, and disasters like the SDTC, the SOTNY, and The Oligarchy, high fuel prices, a moron in the White House that can't even read his fucking lines on the teleprompter and likes to sniff women and talk about his hairy legs to children, an open border that lets thousands stream across daily, and tyranny in general. 'Blue' hates America, discard the Constitution of the United States and all State constitutions, uses every means to divide based on race, gender, age, etc. If you want more tyranny and The Oligarchy, vote Blue.

'Red' (Republicans) gave us lower taxes, reduced bureaucracy, brought businesses back to the United States and improved the economy as a result of getting government out of the way of business, which hired many workers. It unified Americans under a common pride. They felt good about their country. They started new construction, built new businesses, mined coal and drilled and process more energy than ever, lowering gas prices to less than $2/gal, and honor the Constitution of the United States and the constitutions of the several States, support police and generally try to maintain law and order, don't care what your race is, what your age is, what your gender is, or any classification of people, are doing what they can to reduce voter suppression due to election fraud, etc. If you want less tyranny and the blessings of keeping more of what you produce in your hands instead of the government's, vote Red.

 

[danielpalos]

Most dollars are in bits. Only a small amount of them are in paper. How does this help mitigate inflation by the government creating so many of them??

What 'physical infrastructure' do you speak of?

All of the infrastructure that needs it. Version 2.0, please.

 

[Into the Night]

governments always choose inflation.

For the reasons I just described.

 

[Into the Night]

um.. it did.

it has.

it's ongoing.

its basically an accepted fact of economic history that all fiat currencies are eventually destroyed through abuse and inflation, destroying vast numbers of lives in the process.

fiat currency is genocide.

Not genocide, but certainly they do bring misery to many lives while they fail.