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saint_abroad | 4 years ago

> Creating more money steals value from everyone who has traded their work for money, and creating less of it adds value.

Conversely, creating more debt (as is with QE) adds value to everyone who has borrowed to invest. At some point though (usually through bankrupcy) this becomes inflationary.

It is inflation that steals value from producers who trade work for money: remedied only by demanding more money this is a vicious cycle.

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