Printing Money For UBI
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Re: Printing Money For UBI
Ahhh...
So Scrooge McDuck has $60 trillion, just as I figured. Guys, There’s an EASY solution to the “financial crisis” and it involves guillotines.
So Scrooge McDuck has $60 trillion, just as I figured. Guys, There’s an EASY solution to the “financial crisis” and it involves guillotines.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change
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Re: Printing Money For UBI
Why not $600T, Martin? Or $6Q?
Why you tight with your zeroes? Like you tolt us, you'll never run out of them anyway.
Why you tight with your zeroes? Like you tolt us, you'll never run out of them anyway.
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Re: Printing Money For UBI
That is one of them 'contradictions of capital' those idiot communists are always going on about.DBTrek wrote:$60 trillion locked away in Scrooge McDucks vault means nothing. $60 trillion evenly divided among 315 million consumers who will spend it on goods means a lot of economic ramifications.
HAIL!
Her needs America so they won't just take his shit away like in some pussy non gun totting countries can happen.
-Hwen
Her needs America so they won't just take his shit away like in some pussy non gun totting countries can happen.
-Hwen
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Re: Printing Money For UBI
How so?Hanarchy Montanarchy wrote:That is one of them 'contradictions of capital' those idiot communists are always going on about.DBTrek wrote:$60 trillion locked away in Scrooge McDucks vault means nothing. $60 trillion evenly divided among 315 million consumers who will spend it on goods means a lot of economic ramifications.
All the money locked out of circulation doesn’t matter. All the oil locked in the earth that is too expensive to extract doesn’t matter. Resources, labor, and money that is not participating in the economy does not affect it. Times may change, and circumstances may bring these outcasts into the economy at some point, but until they’re participants they are economic non-entities.
What do communists fail to understand about that?
"Hey varmints, don't mess with a guy that's riding a buffalo"
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Re: Printing Money For UBI
Currency needs to circulate to grow the economy, but that devalues currency. Locking up currency can result in the economy contracting, which hurts your Scrooge McDucks too.DBTrek wrote:How so?Hanarchy Montanarchy wrote:That is one of them 'contradictions of capital' those idiot communists are always going on about.DBTrek wrote:$60 trillion locked away in Scrooge McDucks vault means nothing. $60 trillion evenly divided among 315 million consumers who will spend it on goods means a lot of economic ramifications.
All the money locked out of circulation doesn’t matter. All the oil locked in the earth that is too expensive to extract doesn’t matter. Resources, labor, and money that is not participating in the economy does not affect it.
What do communists fail to understand about that?
Currency isn't a resource, it is a tool, or, I guess, more a unit of measurement. But it sort of functions like a resource when hoarded, but like a hoarded resource, is useless. It is one of the few things low info commies are right about.
HAIL!
Her needs America so they won't just take his shit away like in some pussy non gun totting countries can happen.
-Hwen
Her needs America so they won't just take his shit away like in some pussy non gun totting countries can happen.
-Hwen
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Re: Printing Money For UBI
The aristocracy deserves all the money, I know. Much better for the rest of America to suffer a “financial crisis” then for The 1%er’s Net Worth to decrease.
Yelling “Inflation!” in a crowded stadium is a contrived method to protect the Nouveau Aristocracy.
Yelling “Inflation!” in a crowded stadium is a contrived method to protect the Nouveau Aristocracy.
Shamedia, Shamdemic, Shamucation, Shamlection, Shamconomy & Shamate Change
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Re: Printing Money For UBI
I’d be more supportive if anyone could explain how you increase every individual’s money supply by $30k and prevent it from affecting prices.
Does anyone have an explanation on how you massively increase (money) supply of people participating in an economy with no effect on demand (goods)?
Seems like every time we reach this point things devolve into predictable political shibboleths and meaningless catch phrases.
Does anyone have an explanation on how you massively increase (money) supply of people participating in an economy with no effect on demand (goods)?
Seems like every time we reach this point things devolve into predictable political shibboleths and meaningless catch phrases.
"Hey varmints, don't mess with a guy that's riding a buffalo"
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Re: Printing Money For UBI
Just spit balling, but what would happen if, instead of just issuing currency, UBI was passed out as something like a mutual fund in municipal bonds. That way it doesn't all immediately circulate at the same rate, can be used for infrastructure, and makes everyone a shareholder with slower drip of funds for circulation. Some people could and would immediately cash out, which would carry a penalty.
HAIL!
Her needs America so they won't just take his shit away like in some pussy non gun totting countries can happen.
-Hwen
Her needs America so they won't just take his shit away like in some pussy non gun totting countries can happen.
-Hwen
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Re: Printing Money For UBI
You mean Social Security?Hanarchy Montanarchy wrote:Just spit balling, but what would happen if, instead of just issuing currency, UBI was passed out as something like a mutual fund in municipal bonds. That way it doesn't all immediately circulate at the same rate, can be used for infrastructure, and makes everyone a shareholder with slower drip of funds for circulation. Some people could and would immediately cash out, which would carry a penalty.
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Re: Printing Money For UBI
It will come to that soon enough.Martin Hash wrote:Ahhh...
So Scrooge McDuck has $60 trillion, just as I figured. Guys, There’s an EASY solution to the “financial crisis” and it involves guillotines.