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RE: RE: Andrew Yang's Siren Song of Free Money Will Cost You Dearly
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RE: Andrew Yang's Siren Song of Free Money Will Cost You Dearly

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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.

@baah: You seem to not | Ecency