The Hidden Link Between Fiat Money And The Increasing Appeal Of Socialism

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The Hidden Link Between Fiat Money And The Increasing Appeal Of Socialism

https://www.zerohedge.com/economics/hidden-link-between-fiat-money-and-increasing-appeal-socialism

Entry #6,191

Comments

Avatar mikeintexas -
#1
Oh my gosh, I was just in a forum the other day where a few were touting socialism and slobbering all over Andrew Yang's statement that "everyone should be given a thousand bucks/month until the day they die."

I and a few others were trying to point out not only the idiocy of that statement but the impossibility of it when one of the young Socialists said "Just print more money." I tried to explain that very practice is why his generation is angry at the Boomers and older generations, that "kicking the can down the road" never results in anything but a flattened can that can't be kicked and eventually the end of the road.

"You just don't understand economics." came the reply, so I quit trying to explain and so did the others, letting the useful idiots have the last word...because if their dreams come true, they'll certainly HAVE the last word.
Avatar mikeintexas -
#2
And one of the sensible people in the other forum mentioned that they needed to look up- the "Cantillon Effect". I was unfamiliar with the term, so I went and looked it up and learned something that I already knew, but did not know what it was called. The article linked to explains it:

"Price increases are delayed and uneven, due to the Cantillon Effect whereby the early receivers of new money are able to purchase goods and services at existing prices. Later receivers or those who do not receive the new money at all suffer higher prices and a reduction in their standard of living. Even then most people do not link higher retail prices with a previous expansion of the money supply."

And, the youngest generation is now thought to be the first one in centuries to not have as high a standard of living as previous ones. "Our" reckless spending is to blame....but keeping on with the reckless spending is no solution, either.

"Our"....because I have to include myself, although if I had known of any better candidates to vote for than the ones offered, I would have. I voted for Ron Paul, so I did the best I could and at least tried to vote for the lesser of two evils at other times.
Avatar konane -
#3
Thanks Mike. We couldn't have stopped the devaluation of our currency into monopoly money. It was already planned out before they went off the gold standard and was designed to create third world living conditions for everyone in the world as an end result.

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