lemme simplify the inflation problem for u hoomans: there are rich hoomans and poor hoomans. they have different diets. the gov needs to balance the monies so that the rich hoomans AND the poor hoomans can stay on their diets
-
Show this thread
-
however because the diets share a lot of common production, the gov can't control them in insolation. plus the rich/poor hooman diets are always changing! so the gov has to balance between the threat of poor hooman riot and rich hooman capital flight
1 reply 0 retweets 1 likeShow this thread -
the poor hoomans do all the "real" stuff like cleaning the sewers and picking the almond trees. the rich hoomans do the "fake" stuff. but the "fake" stuff is money and money allows action to promise chain into and transform almond picking to transform into housing & pizza
1 reply 0 retweets 2 likesShow this thread -
without money no one would be picking almonds! there's no way to transform it into anything else. you'd have to homestead and survive purely on a diet of almonds
1 reply 0 retweets 1 likeShow this thread -
think of it like a big company having to make both the executives and the employees happy the employees do all the work but the executives find way to combine specialized employee skills into products the market wants
1 reply 0 retweets 2 likesShow this thread -
cater to the employees and everything works for a while just like an automated factory can survive for a very long time w/o management. but once market demands change or parts of the factory get damaged they r fucked w/o the executives
1 reply 0 retweets 2 likesShow this thread -
cater to the executives and the employees just get passive aggressive and things can't get done. however the poors will put up with quite a bit so often times the best strategy is to cater to the executives unless the poors start to get violent
1 reply 0 retweets 1 likeShow this thread
inflation doesn't create REAL value. it just rebalances things. the central authority steps in and goes "hmm okay... so er... the problem is that.... umm.. this... guy i think needs to be valued more and um...u know what i'm just going to give it to executives to distribute"
-
-
TLDR; trying to fix economic problems with money printing is like trying to use HR to fix a colleague interpersonal relationship problem
0 replies 0 retweets 2 likesShow this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.