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by kwatsonafter 1454 days ago
If you consider that there's a dire economic need for the, "out of reach" inflated economy to work for the less fortunate that this might actually end up being, "privatized UBI" or, "thing that replaces credit cards" when we get it right. I don't think this will take the form it's taking now (ie. Forward Layaway Apps) but if you consider that in the last 10 years in the State of Utah that Target and Walmart have both applied for Industrial Loan Company affordances. If you consider what, "customer loyalty programs" would look like when Target can issue credit to itself with impunity you can see what I'm getting at-- you could give poor people money buy things they need and then (in theory) ledger the net gains in terms of growth as being non-losses. This basically amounts to the formation of a new kind of post-Westphalian nation-state. Very dangerous but also could have extreme value for the socially vulnerable.

Consider that there's little real difference between a, "well financed person" and a, "person in debt." The key difference is the object of the sentence. If the object of the sentence is, "society-scale economic growth" you can easily justify, "printing money and giving it to people to spend" as in normal conditions the resultant growth for issuing credit to the consumer spending economy prevents the currency from inflating but outside of just curtailing inflation without curtailing expansion you've also met the financial needs of the populace. You've guaranteed all citizens bread.

https://en.wikipedia.org/wiki/Cura_Annonae

Consider that great class difference between, "the well financed" and, "those in debt."

1 comments

I hope you don't take this the wrong way, but what you write is both very interesting and very confusing.

The 'difference between well-financed and in-debt' is very clear and to-the-point, this is excellent writing.

The long 'if you consider this, if you consider that, post-Westphalia' paragraph in the beginning is not. Could you perhaps summarize the first part? What exactly do you want to say? How do 'customer loyalty programs' and 'Industrial Loan Company affordances' and 'privatized UBI' and 'replaces credit cards' fit together? How did Westphalia slip in there? I am quite convinced there is a coherent idea here, but your writing fails to communicate it. Or at least it failed to communicate it to me.