Labor-Economy

[Anonymous No.54428954]

Why would having a non-fiat currency with an unchangeable supply not work?

[Anonymous No.54428974]

How would you stimulate the economy during a downturn retard?

[Anonymous No.54428990]

>>54428974
Define “downturn”

You mean when people aren’t autisticly spending lots of money?

[Anonymous No.54429028]

>>54428990
>Define "downturn"
High unemployment
Low velocity of money
Deflation
Hoarding of cash instead of investing it in productive endevours

[Anonymous No.54429056]

>>54429028
>NOOOOO PEOPLE CANT KEEP THEIR HARD EARNED MONEY AND INVEST IN THEIR FAMILIES

Let me guess, you have a college degree.

[Anonymous No.54429086]

>>54429056
>Let me guess you're an educated member of society and productive citizen
Great reply

[Anonymous No.54429097]

>>54429086
Ok, NPC.

You still provided no argument

[Anonymous No.54429119]

>>54429097
I did, the hoarding of cash can't be promoted, society needs capital to be invested to boost the overall productivity of said society to improve its living standards

[Anonymous No.54429134]

if u have fixed supply it means that there is less consoom ergo less production ergo less work but also less available things to consoom. Its not a bad thing but its 180° turn around from where we are now so for some it would mean the end of the world. The world doesnt end tho it just flushes out weak hands and we go for another round.

[Anonymous No.54429153]

>>54429119
If you want to spend/invest your own money into “society” you would have the freedom to do that. This system wouldn’t stop you.

[Anonymous No.54429171]

>>54429134
A wealth cap prevents this.

If your wealth exceeds X amount the rest has to be given to the government to be invested into public services.

[Anonymous No.54429177]

>>54429153
If people have the option to hoard cash without losing purchasing power they will take it period, the overwhelming majority of people wouldn't take the risks necessary to generate a return.
With an inflationary money system the system itself forces you to invest that money if you want to preserve purchasing power, you have the freedom not to invest said money but you will get raped by inflation

[Anonymous No.54429196]

Read Human Action.

[Anonymous No.54429208]

>>54429177
I guarantee you the overwhelming majority of people aren’t spending money because “OMG currency devaluation”

People who waste money on Netflix, funko pops and coffee now would still do it in a non-fiat economy.

[Anonymous No.54429225]

>>54429208
Pension funds and institutions are investing that money for them however, in the system you're proposing they wouldn't need to take any risk since holding cash has 0 downsides.
Money needs to flow freely and change hands fast, a deflationary/non inflationary money system would promote hoarding which is horrible for any economy

[Anonymous No.54429232]

>>54429177
The fact that working people need to make more money only to be able to afford less than previously is not a good thing, you cunt!

[Anonymous No.54429242]

>>54429225
Please provide an argument against point >>54429171

[Anonymous No.54429246]

>>54429232
cheap labour is necessary, it's either by devaluing people's wages or bringing in immigrants/slaves (or ideally both if possible).
It decreases labour costs and boosts competitiveness in international markets

[Anonymous No.54429260]

>>54429242
it's unenforceable, if I have to explain why the government stealing people's property is a bad thing then you need to learn more before posting here

[Elmer Waller No.54429292]

>>54429260
>y-you don’t understand… I HAVE TO OWN 50 MEGA MANSIONS FOR THE ECONOMY

You’re a dirtbag<div class="xa23b"><span class="xa23t"></span><span class="xa23i"></span></div>

[Anonymous No.54429305]

>>54429292
Why can't a person be allowed to own 50 mansions?

I'm not against property taxes btw, property taxes are a measure against the unproductive use of land, wealth caps however are just immoral

[Anonymous No.54429320]

>>54429305
I sincerely hope you’re trolling because this is just insane

[Anonymous No.54429349]

>>54429320
I'm being 100% serious, all you have to do to thrive in the current system is allocate your earned resources correctly, take debt and invest in assets that will appreciate more than the debt + interest and own as many assets as you can.
consoomer goy cattle suffering is a good thing

[Anonymous No.54429365]

>>54428974
In a healthy market, downturns are inevitable, natural, and self-correcting as vacuums must always be filled in nature.
"Stimulate the economy" is just another term for "create inflation."

[Angel Vang No.54429376]

>>54429365
Inflation forces people to invest their money, the hoarding of cash can't be rewarded period<div class="xa23b"><span class="xa23t"></span><span class="xa23i"></span></div>

[Anonymous No.54429509]

>>54429376
This is a terrible argument and here’s why.

basically you’re just whining that people aren’t handing you their own hard-earned money for nothing and that you actually have to work to earn it.
If you want money you need to work for it period. It’s insulting that you expect people just spend their money because they’re artificially incentivized (obligated) to do so.

[Anonymous No.54429528]

>>54428974
>>54429028
Monetary cycles, both upticks and downturns, are caused by the creation of unsustainable debt. As long as you aren't going apeshit creating shitty debt, downturns will not happen or be very mild regardless of the underlying nature of the money supply.

The traditional ways to control the economy in this way (stimulation or tightening) are bandaids that do nothing but serve to push the can down the road.

Downturns are natural in a healthy economy and trying to prevent them with ridiculous money printing like the US fed has done in the past 25 years doesn't work in the long term (as is obvious now). Downturns need to be allowed to propagate through the economy to weed out the weakest links, the lowest value propositions and they only lead to a better, healthier and stronger economy. Trying to frantically prevent a downturn using reckless money printing only causes a greater downturn later down the line.

[Anonymous No.54429538]

>>54429376
No, inflation incentivizes people to go further into debt, and forces those that can afford it and have half a brain to hoard cash offshore, because they know the government in charge of an inflated economy is going to do everything it can to steal as much money back in order to pay off its own over-spending problem.

What you Keynesian goobers fail to understand is that the value of an asset cannot be artificially boosted into infinity. Markets have to go up and down. Not just up.

[Anonymous No.54429555]

>>54429509
How do you incentivise cash holders to invest that cash in the economy then?
If the supply of cash is unchanged like in BTC people will just hoard it, it's a risk free way of maintaining purchasing power, a money system with an unchanged supply just leads to far less velocity, you would get "HODLERS" if you will.
There's a reason for the 2% inflation target that central banks want to maintain

[Anonymous No.54429559]

>>54428954
UBI

[Anonymous No.54429598]

>>54429528
>>54429538
Yes I'm a keynesian and I believe that effective use of monetary policy can prevent economic downturns, there's no reason why recessions have to be a thing

[Anonymous No.54429612]

>>54429555
That’s Bitcoin and bitcoin isn’t the only alternative currency.

Tell me how hoarding would take place in a economy that uses time-based currency (currency where the value is based from hours worked)

[Anonymous No.54429655]

>>54429598
Monetary policy can only DELAY economic downturns, not prevent it. And the longer you delay it, the worse the inevitable downturn is. The keynesian idea that you can avoid cleaning your room by just pushing the shit under your bed is not sustainable. Eventually, you run out of space. And eventually, your currency is so devalued relative to the ever-increasing price of the assets you're trying to sell, that the market can no longer bear the imbalance. It's a mathematical impossibility. The keynesian ideal is a denial of reality.

[Anonymous No.54429700]

>>54429555
Very few if any people don't spend money

Plumbing, electrical, mechanical, construction, food

Sure if people did everything for themselves money would be hoarded

But then what's the point of money if you have a farm with all the tools and resources you need?

Not my fault bankers will need to get real jobs