[Jevon23]

Complete insanity.

Don’t plan for the future. Don’t delay gratification. Never save up enough money that you’re allowed to have a taste of true freedom. Always be precarious, always be dependent on your boss for the next handout, lest your food and shelter be in jeopardy. Don’t step out of line, lest that handout be jeopardized.

Keep your hands off my bank account.

[kylebenzle]

"Your" bank account? Only so long as you don't step out of line or say the wrong thing. Access to "your" money is a privilege granted by the state and large corporations you are awarded only so long as you are making money for they system. What you seem to be upset about is EXACTLY the system we have now.

Roughly, state backed currencies seem to inflate by about an order of magnitude each generation, a nickle 40 years ago will buy what $.50 buys today. When I was a kid, soda was $0.25, now $2.50 for a bottle of pop is not uncommon, state money does expire and whats in your bank account can be taken away anytime.

Thank god we've had a solution to this problem for over a decade now but it might take another decade still for normal average people to catch on, I'm still surprised the HN crowd is so far behind in this regard :(

[ForkMeOnTinder]

"Another decade" may be optimistic. Money is so core to many people's identity and sense of purpose that they block themselves off from considering any change to the familiar status quo, even when they're able to recognize the problem that needs solved. This might be one of those times where the older generation needs to die off, and its ideology with it, before new ideas can begin to flourish.

[argiopetech]

Too late - these ideas have, in a backward sort of way, been implemented in the form of quantitative easing, aka inflating away your savings.

[taliesinb]

QE did not lead to historically high levels of inflation. Most of the money stayed in the financial sector, on banks balance sheets.

[Barrin92]

Collecting compounding interest on capital isn't planning for the future, it's robbing from the future, that was Gesell's point. Inherent to his notion of perishable money is that what improves the future is work, investment, economic activity, and exchange. Perishable money wouldn't make you more dependent on your boss or a lender but less, because people would be pretty eager to actually hand you money for your work or business idea, rather than accumulating it.

A tax on money costs the people who hold it, and benefits the people who primarily use it as a medium of exchange.

[genman]

No actually, at least by the idea of Gesell.

His idea was to put a kind of tax on money and the responsible to pay this tax is on the holder of the money.

As such you could still put your money into a bank and free yourself of this responsibility and the bank on the other hand is highly motivated to loan the money out as fast as possible to relive itself from the responsibility.

[lotsofpulp]

>Keep your hands off my bank account.

Your bank account balance is of little importance with a fiat currency. Banks themselves are superfluous now that money does not have to be represented by cash and thus needs no vault.

Maybe you mean “Keep your hands off the purchasing power of the currency in my bank account”.