h a l f b a k e r yOn the one hand, true. On the other hand, bollocks.
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The 2020 Trump depression has not yet occurred in the US
but
with drastic drop in productivity and decreased gross
economic output with record breaking national debt to
maintain the illusion of an economy to hide non-productive
employment and businesses with no income ,it is near
certainty
that high-inflation will occur simultaneously with
staggering unemployment to mark again another time when
extreme capitalism failed.
In past times, these depressions were easily corrected by
decreasing he value of money in comparison to goods and
services. These times are marked by folks who remember
the
good times when a lunch or a beer was a nickel, a movie
was a
dime and a dollar was considered a day wage. Of course,
these
memories are now nearly a century old.
Without change, in the upcoming Trump depression, our
children will remember when a lunch or a beer was 25
dollars,
a days wage was $500. There will be no movies as we now
know it. Entertainment will be on-line.
Accordingly, this idea is to remove value to our monetary
units. Instead of imprinted value on coinage and currency,
the
non-valued monetary unit will be exactly that, coinage and
currency with no value at all. So that our children will not
be
embarrassed about how much they spent for lunch, a beer
or
how much they earned for a day’s wage.
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Annotation:
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Unconcealed, uninformed rant. Not an actual idea. Marginally coherent. |
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am i missing something here? is the idea here "valueless
money"? |
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// The main functions of money are distinguished as: a
medium of exchange, a unit of account, a store of value
and sometimes, a standard of deferred payment. // |
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How can valueless money exchange value, account for
value, store value, or transfer value later?? |
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Specifically: let's say I go into a pub and order a beer,
under your new system. Who pays for the beer? Who pays
the bartender? If I want more beer, how do I go about
getting more beer from the bartender? |
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If just one country does fiscal easing to revive stalled
economic activity, then that country's currency loses value
fast as investors leave in search of more solid investments.
But if the whole world is doing fiscal easing, then where's
the hot money going to go? It can't all go to Mars ... yet. |
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So, although there may be some inflation, I don't think any
of us are heading for a Zimbabwe scenario or a Weimar
scenario. |
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Yes I think that the money printing that led to hyperinflation is a different set of conditions which are not present now. Probably the current round of money creation is more to do with maintaining asset prices and wealth, of staving off any kind of collapse and systemic redistribution. |
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But the idea is bad science as well, or rather bad mathematics; just because a number tends to zero doesn't mean you can just shortcut the process by setting it actually to be zero. |
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This idea cost you 1.7 calories and 1 g of water. Be sure and
replace them somehow. |
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A car , one non valued unit. A house one of these units. A toothbrush one of these units. A weekly spend, hundreds if not thousands of items.
How does pay for work, work? |
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