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The Hidden Link Between Fiat Money And The Increasing Appeal Of Socialism
Published:
Outstanding med short read.
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
Comments
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.
"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.
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