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by jgeada 1886 days ago
Funny how none of that ever comes up when we're discussing bailing out corporations. Quantitative easing by itself was several trillions of dollars arbitrarily invented, let alone the various bank and corporate bailouts over the past decade. And don't forget that we literally allow banks and such to print money and stocks on demand (aka leverage) to allow them to make money.

In any case, value fiat money is not a product of rarity, it is a statement of the value of future tax receipts. Money encodes/is an exchange marker for work done or promises of work to be done.

1 comments

It does come up with regards to bailouts. There are tons of people who are opposed to corporate bailouts and who worry about inflation and a ton of problems created by the zero interest rate policy etc.