The Cantillon effect: "the first ones to receive the newly created money see their incomes rise, whereas the last ones to receive the newly created money see their purchasing power decline as consumer price inflation comes about." https://mises.org/library/how-central-banking-increased-inequality … https://en.wikipedia.org/wiki/Richard_Cantillon …
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Replying to @NickSzabo4
#Socialism in#Venezuela has been super efficient at destroying wealth. As usual, the most vulnerable: elderly pensioners, teachers, children have been hit the hardest. Think your fiat currency of choice is safe and you will retire comfortably with your savings? Think again...pic.twitter.com/xrVfajHldH13 replies 79 retweets 168 likes -
you know what else has been super efficient in destroying wealth? US economic sanctions and intervention.
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The US only stopped buying Venezuelan oil in January, 2019 so NOPE, you commie propaganda is wrong. In the meantime, the boli-bourgeoisie has been living the high life with all the wealth they stole in the
#Capitalism they supposedly hate...pic.twitter.com/is6NrjmfEr
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oh your use of CAPSLOCK has won you the argument. well played sir. Believe what you want to believe.
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I believe in what I have seen and lived. Unlike you, I have lived in communism and I have seen both sides of the game playing it. It's you who wants to blindly believe in something you have never actually lived.pic.twitter.com/ZRKs6oNtMx
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I live where socialist policies are put into great effect on a daily basis. The irony of you calling me an SJW is typical though - you, nor I, have any position telling other people how to live their lives.
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Replying to @Nakameowdough @eagletwitt3r and
social policies are completely different from socialistic economy and government. We have social programs in the united states, but our economy is free market capitalism and by no ways shall that change. Problem was venz created to much social programs and relied on one resource
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Replying to @BtCDrAfTeR @Nakameowdough and
We no longer have free market capitalism. We have zombie capitalism where the smaller businesses farther removed from access to central bank credit are trying to play a rigged game against the corporations that have that have much closer access to that money spigot.
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Replying to @NickSzabo4 @Nakameowdough and
u have to have money to play with the big boys, if u dont have the $ to survive thats on u!
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Replying to @BtCDrAfTeR @Nakameowdough and
Just stop lying and telling us it's a "free market", it's nothing close to that.
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