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7/12/2025, 3:20:11 PM
>>510166889
>It happened to Spain after they discovered hundreds of tons of gold and silver in the new world. The money supply increased relative to the amount of goods causing price inflation. Since there was so much gold and silver in Spain, and prices went up so much, it became cheaper to buy things from other countries than to make them in Spain. Do you see where this is going? Spain deindustrialized, and when the gold/silver ran out, Spain had to begin the difficult process of rebuild her productive economy.
You're parroting the problems of using a monetary system, which I repeatedly, obsessively describe time and again, back to me, me who wants to move past money altogether.
>The same thing is happening to the USA right now.
Except (mostly fictional) fiat currency is neither gold nor silver.
>Two sources of profit under a fixed monetary system. Firstly, assuming a fixed money supply, the VALUE of money goes up as production increases, or in other words PRICES go down as production becomes more efficient.
Bullshit. No one will invest to increase the future purchasing power of their money by less than the financial loss they will incur from the investment, which is what will actually happen.
>Secondly the money moves around, going from people who like to spend, to people who like to save. From less productive enterprises, to more productive enterprises.
Day smoking and dreaming pipe dream. Show me an economy with a sound monetary system which does not inflate the supply of legal tender by creation ever greater fictional amounts of it.
>It happened to Spain after they discovered hundreds of tons of gold and silver in the new world. The money supply increased relative to the amount of goods causing price inflation. Since there was so much gold and silver in Spain, and prices went up so much, it became cheaper to buy things from other countries than to make them in Spain. Do you see where this is going? Spain deindustrialized, and when the gold/silver ran out, Spain had to begin the difficult process of rebuild her productive economy.
You're parroting the problems of using a monetary system, which I repeatedly, obsessively describe time and again, back to me, me who wants to move past money altogether.
>The same thing is happening to the USA right now.
Except (mostly fictional) fiat currency is neither gold nor silver.
>Two sources of profit under a fixed monetary system. Firstly, assuming a fixed money supply, the VALUE of money goes up as production increases, or in other words PRICES go down as production becomes more efficient.
Bullshit. No one will invest to increase the future purchasing power of their money by less than the financial loss they will incur from the investment, which is what will actually happen.
>Secondly the money moves around, going from people who like to spend, to people who like to save. From less productive enterprises, to more productive enterprises.
Day smoking and dreaming pipe dream. Show me an economy with a sound monetary system which does not inflate the supply of legal tender by creation ever greater fictional amounts of it.
7/1/2025, 4:36:01 AM
>>101799508
sure brother
sure brother
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