Imagine all that "money" comes back to America. Your house is stacked up in every room with paper money higher than your head. And because there's way too much of it, they've devalued $100 bills to buy less than a hundredth of a penny worth of stuff. Happy now?
Can I sell you a wheelbarrow to take enough to the bakery for a loaf?
There are several reasons why more money won't devalue the currency. First is that if everyone had more money, they would probably save more of it as well. More money also means more technology, which makes people more efficient. Things like Roombas, washing machines, and iPhones mean that people can do more and create more value. Higher efficiency will drive down the cost of producing goods. Not to mention, if someone was selling a loaf of bread for a $100, no one would buy it, so the free market is self-correcting.
Roombas, iPhones, and washing machines will do nothing except lead to mass societal decay through rampant lethargy and excessive dependence on convenience.
Imagine all that "money" comes back to America. Your house is stacked up in every room with paper money higher than your head. And because there's way too much of it, they've devalued $100 bills to buy less than a hundredth of a penny worth of stuff. Happy now?
Can I sell you a wheelbarrow to take enough to the bakery for a loaf?
There are several reasons why more money won't devalue the currency. First is that if everyone had more money, they would probably save more of it as well. More money also means more technology, which makes people more efficient. Things like Roombas, washing machines, and iPhones mean that people can do more and create more value. Higher efficiency will drive down the cost of producing goods. Not to mention, if someone was selling a loaf of bread for a $100, no one would buy it, so the free market is self-correcting.
Qled, you're trying to convince everyone here that inflation and hyper-inflation don't exist.
Good luck with that. Well, I'm done here.
Not so much that it doesn't exist, but that I don't think this will cause it.
Roombas, iPhones, and washing machines will do nothing except lead to mass societal decay through rampant lethargy and excessive dependence on convenience.
Ditto for any other such technology.
So what is the plan then? Should we all go back to farming with hand tools? Do you have a washing machine in your home?