I mean fuck Elon, but y’all know that we could issue people checks right? Like we could do universal basic income and it wouldn’t increase inflation as long as it’s done right. Increasing the supply of money is not the mechanism that causes inflation.
That’s actually complex issue. Trivial model would probably suggest it will cause inflation proportional to the amount of created money. But market behavior is complex and you could get away without inflation if checks were small enough.
The bigger issue would be government creating money directly circumventing Central Bank - that perverts political incentives and is potentially a downhill towards catastrophic collapse
We’re already straining the resource capacity of the globe, and Americans are an enormous consumer endpoint relative to population size.
Simply issuing more cash won’t create more end products. And when a handful of cartelized retailers control the flow of trade?
Prices are already artificially inflated to accommodate marketing costs and profit. Why retailers continue to raise prices to catch that additional free cash?
how many people you know (directly or indirectly) go unfed?
Well, I know maybe 30 people who I talk to on a regular basis. And none of them are currently starving. So I guess my local food bank isn’t actually stretched to the limit. And the South Sudan famine is fake news.
Fiat currency will, by definition incurr inflation.
What if money were tied to necessities like a liter of water, kWh of energy, or kilograms of grain?
I mean fuck Elon, but y’all know that we could issue people checks right? Like we could do universal basic income and it wouldn’t increase inflation as long as it’s done right. Increasing the supply of money is not the mechanism that causes inflation.
That’s actually complex issue. Trivial model would probably suggest it will cause inflation proportional to the amount of created money. But market behavior is complex and you could get away without inflation if checks were small enough.
The bigger issue would be government creating money directly circumventing Central Bank - that perverts political incentives and is potentially a downhill towards catastrophic collapse
We’re already straining the resource capacity of the globe, and Americans are an enormous consumer endpoint relative to population size.
Simply issuing more cash won’t create more end products. And when a handful of cartelized retailers control the flow of trade?
Prices are already artificially inflated to accommodate marketing costs and profit. Why retailers continue to raise prices to catch that additional free cash?
There is enough food produced globally to feed everyone alive and still have some left over.
The problem is a large portion of it goes bad in the grocery store because no one buys it and it ends up in a landfill.
More broadly speaking, it’s poorly stored and distributed. But yes, we do a miserable job of keeping people fed.
do you actually believe this? how many people you know (directly or indirectly) go unfed?
Well, I know maybe 30 people who I talk to on a regular basis. And none of them are currently starving. So I guess my local food bank isn’t actually stretched to the limit. And the South Sudan famine is fake news.
Fiat currency will, by definition incurr inflation. What if money were tied to necessities like a liter of water, kWh of energy, or kilograms of grain?