| Velocity is fake. Money is valued according to totalStuff / totalMoney. If there is one item of food left on the entire planet, everybody is about to starve to death. If you print enough money to quadruple the supply of money, everybody will still starve to death, and the item of food is effectively costs 4x the number of dollars. You can argue the cost is already infinite in such a scenario, so 4x infinity is still infinity, nevertheless, abstractly if everybody owns a Corolla, then you 100x the money supply, the Corollas do not turn into Ferraris. Houses do not get built out of thin air. Real things have real value when given effort by real people, and money is abstractly a layer above that. Printing money does not print food, mine metals, or construct aircraft. If it DID, we could colonize the entire universe by simply leaving the printer on for long enough. It's not common sense that printing money "causes" inflation, it's directly given by the ratio of money to real things. Printing IS inflation. Again, if printing was NOT inflation, then printing would increase REAL value and we would colonize the entire universe by printing. Back to velocity. You temporarily tricked some people. They go and buy food instead of dying. Now there's less food in reserve. Now food is more expensive. This converges the price to the amount printed as in the above logic. So where did we get this free interim benefit where starvers can buy things? Prices weren't initially raised, so the people that would've had more food incorrectly gave it to other people for less than they should have until the adjustments kicked in. Therefore, printing money can have the effect have stealing from businesses if they're slow to react. Or, printing money can have the effect of stealing from everybody that's not that business if the printed money goes right to that business. Give an asset company 500 trillion dollars and suddenly every house in America is spoken for. There's no "inflation" depending on which idiot you ask, but everybody who doesn't own that company will die of weather or infinite rent -> starvation soon enough. At the end of the day, printed money is only fair if given to everybody equally, which is equivalent to doing absolutely nothing in a world where business immediately adjust prices in response to the fake change in money supply. Otherwise it's trickery against the interests of people who set prices incorrectly, and especially against people incapable of setting prices because they are mere "consumers", unless all printed money goes only to consumers, but then it still solves nothing by definition of consumer. What the above is alluding to is that being a consumer rather than a producer by definition means they have no or negative value. A farmer adds value, a waiter subtracts value. More people are alive because a farmer can feed himself and others, whereas a waiter is replaced by a dude walking 12 feet and getting his own food, or skipping the restaurant entirely and cooking himself with stuff he or the farmer grew. Every business that isn't multiplying food output, healthcare output, etc. vs. their cost is effectively a drain. Restaurants would have to bring enough "joy" (utility) to make up for the drain that simply shuffling food around inefficiently and placing it on oval plates next to candles in dark rooms and charging 70 unitless (if it's marked at all) currency thingies for a leaf of non-GMO vegan-enhanced anti-racist triple-vaccinated gluten-free organic hydroponic soy lettuce. While I typed that, 500 Africans starved to death. The modern economy is just a ruse that tricks people into having "jobs" rather than owning all of America's farmland (Bill Gates). The fix is four fold:
1. become a farmer
2. end Bill Gates ... legally
3. end BlackRock et al ... legally
4. end the fed ... legally edit:
Six fold:
5. end all central banks
6. end all central-central banks |