@Nullifyfedlaws Well, like interest and credit money, the functional value of inflation of the money supply, and the resulting decline in the cardinal purchasing power over time, is a means of redistribution from savers and investors to consumers, forcing investors to into increasingly volatile sources of resturns – like short term commodities and riskier longer term investments. … I expect the future to also prohibit consumer interest on durable goods; nationalizing and prohibiting commercial sector pensions; and nationalizing and prohibiting commercial consumer insurance – thereby driving investors into longer term business investments (because it’s effectively rent seeking now). And then investors working in larger groups to exploit heavier capital investments with bigger longer term returns, thereby restoring national competitiveness, and some of western competitiveness.
Source date (UTC): 2021-04-11 12:16:42 UTC
Original post: https://gab.com/curtd/posts/106046646049480479
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