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by TheOtherHobbes 3027 days ago
The whole point of the SA article is that you can make people richer by printing money and handing it out.

It's absolutely clear about this. Printing money and handing it out is the best possible strategy if you want a vibrant, inventive culture.

Conversely rationing access is self-defeating. You get a few individuals with giga-wealth and a lot of friction everywhere else, which throws sand in the wheels of future wealth creation.
2 comments
skookumchuck 3027 days ago
No, you can't. There's no free lunch. Printing money makes the person with the new banknotes richer, but everyone else holding banknotes poorer. I.e. it's zero-sum.

> if you want a vibrant, inventive culture

Nonsense.

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DrScump 3027 days ago 

  Printing money and handing it out is the best possible strategy if you want a vibrant, inventive culture.
... like present-day Venezuela?
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