[Nursie]

Are you planning to hold on to that dollar for a hundred years? Do you think you'll be alive then? Do you not think that perhaps if you want it to maintain or grow its value you should put it to work, rather than just sitting on it? Why should society value whatever it is you did to earn a buck today the same in 100 years?

[craigc]

I understand that that is the driving force behind Keynesian economics, and I think you have a valid point.

That said, when you consider the way inflation actually works most of the new money pumped into the system disproportionately benefits big businesses and banks at the expense of the rest of the population. It is essentially a hidden tax on the rest of us.

Central banks pumping more money into the economy actually helps them because it equates to more interest payments they can collect and puts more people and governments in their debt. Also they don’t have to do any work to create the money so could you explain how that is considered a fair system?

Some elite bankers are able to just summon new money out of thin air to serve their interests but money that I worked hard to earn is going to lose its value if I hold onto it for too long?

Why do you think there is such a huge gap in income inequality that began as soon as we broke off completely from the gold standard in 1971?