Printing Money
- Thread starter dealmaker
- Start date
It is absolutely true that money supply has to increase as population grows. More people cannot go chasing the same number of dollars year after year. You can only cut up one penny so many ways. The trick of course is how to do this properly.
So, you don't trust banks or for that matter U.S. currency either? Physical gold is by far less space to hold, but you never get the going price. Invest in more rare golden coins when economy is bad as even they go down in price and requires even less space, storage-wish I had gotten into that 40 years ago.
this bs from a bitcoin cult member.
so what purchasing power went down... you are not making 1950 salaries.. the pay increase has far exceeded the dollar erosion.
if you are invested, this does not matter.
an inflation target of 2% is necessary to avoid the deflation black hole, which japan was. bitcoin is deflationary, no chance to become a real currency... the cult members are desperate now, watching their pet coin going down in flames.... so they recycle this baseless argument.
You inflationists are so naive... Free trade and entrepreneurship drives prices down.... Inflation. Is there period.. it's a redistribution scheme in which value is expropriated from the general wage earning population and awarded by the government to who ever the government wants...it's completely and absolutely immoral... All you keysian interventionist idiots have been indoctrinated by state education
whatever.... all I know is life is good.. and there is no better alternative.