Message from @Royal Chaotic
Discord ID: 694962118642106398
You can also reduce money supply
With taxes
You surely don't understand economics.
Who has the power to create money
I sure can't
Who has the power to tax?
The state.
Yes
And what happens when multiple people tries to buy the same thing
do you understand that if you increase the supply of something it causes the value to drop and that this applies to everything?
Yes, let's tax the people who don't have food and houses, to get them food and houses.
yes, let's print money and magically expect to have 0% inflation, because the Swiss did it.
Yes, Kenya = Switzerland.
What happens when multiple people try to buy a limited supply of thing
@Royal Chaotic It's value suddenly increases.
And so does its price
Apparently.
Which mean inflation
Inflation is the drop of your currency's value.
Inflation is unavoidable and natural
just try to avoid it when possible
and not say
suddenly add like half a million to the eocnjomy
Well your economy has a limit
A material limit
The amount of labor resouces ect
You go over that limit
Yeah the thing is, the third world countries cannot give houses and food to their people because their economies'limit doesn't allow them to.
You get inflation
They probaly would struggle more
I mean thier limit is lower
...
But they are resource rich some of them
You don't understand economics do you?
Like the congo
To build a building you need labor and materials
If the third world countries could provide for their people, they would've done it already.
No, third world countries are rulled by capitalist aswell
