Message from @Disliked
Discord ID: 692934577278418987
I think that print is just to replace damaged or lost currency
@Ronin Not necessarily, it usually is factored into the capital structure, and then when the time comes, that misallocation turns into a recession
but wait how can you print more money and expect things to stay the same?
Like wouldn't more dollars mean they're going to be worth less?
I know that Fiat currency is inherently worthless but how can anyone wave a wand and magic more money in existence?
Because if it isn't being circulated through the hands of consumers, then the buying power stays the same
so it's going to companies.
wouldn't they bring it into circulation?
It does go to both, but companies tend to get more because they get larger loans and such often.
Credit expansion is typically bad wherever it goes
you mentioned that something bad will happen.
so what's going to happen?
like hyper inflation or will it be like the depression?
When we realize the capital structure is misallocated, that's when a recession hits.
@Eoppa you mean when people realize that first all their money got wasted
and then realize that their money is practically worthless?
@Ronin yeah, that's when interest rates go up, because there really isn't much resources behind the cash despite what they thought before
I wonder how many people actually know that fiat isn't actually worth anything.
like I think it's taught in schools but it's not really brought up much.
when you think about it even crypto is more reliable because there is only so much crypto that can be mined.
Unbased
I have real views, I don't like redistribution whether it's Drumpf or Bernie
Imagine worshiping a mortal man
Unironically
Impossible, I am cancer
That is a damning statement of our time.
It's like a mad parody of 1984's ministries.
some nice music to put here
although nowdays /pol/ is a trash dump
That is the joke
Sorry, no crop 4 u