Well, sure, if we’re talking about complete overhauls, money doesn’t technically need to exist at all.
I just thought it dangerous to spread the idea that you win the stock market by not playing, because that is demonstrably false and will lead to some very poor outcomes if followed in a realistic sense. I agree that an ideal society may very well not have a stock market, but for the love of god, please don’t try to be the change you want to see in this instance.
Inflation is necessary for a lot more than just capitalism. Capitalism is the private ownership of the means of production, not trading money for goods and services.
It’s really important to understand that money =/= capitalism. That is a widely held misconception that is very effective at stunting societal and economic progress, at least in the US.
For example, inflation encourages people to spend money on innovation and progress rather than simply hoarding wealth, regardless of if an oligarch owns the profits or if the workers do. Yes, there can be other/better motivators for progress than just money, but you can see how it can be beneficial in economic systems other than just capitalism.
I don’t think you’ll find any reputable/knowledgable people that hate all inflation. It’s a widely agreed fact that a little inflation is good for everyone. Politicians/economists are say they don’t like high inflation. It’s better to target something like 2% yoy.
There is no better way to facilitate trade than to break down ‘value’ into granular units that can be traded directly–that’s essentially what money is, a unit of measurement for value.
Barter sucks the moment you need something from someone who has nothing you need that’s of at least similar value.
Well, sure, if we’re talking about complete overhauls, money doesn’t technically need to exist at all.
I just thought it dangerous to spread the idea that you win the stock market by not playing, because that is demonstrably false and will lead to some very poor outcomes if followed in a realistic sense. I agree that an ideal society may very well not have a stock market, but for the love of god, please don’t try to be the change you want to see in this instance.
Inflation is necessary for a lot more than just capitalism. Capitalism is the private ownership of the means of production, not trading money for goods and services.
It’s really important to understand that money =/= capitalism. That is a widely held misconception that is very effective at stunting societal and economic progress, at least in the US.
For example, inflation encourages people to spend money on innovation and progress rather than simply hoarding wealth, regardless of if an oligarch owns the profits or if the workers do. Yes, there can be other/better motivators for progress than just money, but you can see how it can be beneficial in economic systems other than just capitalism.
I don’t think you’ll find any reputable/knowledgable people that hate all inflation. It’s a widely agreed fact that a little inflation is good for everyone. Politicians/economists are say they don’t like high inflation. It’s better to target something like 2% yoy.
There is no better way to facilitate trade than to break down ‘value’ into granular units that can be traded directly–that’s essentially what money is, a unit of measurement for value.
Barter sucks the moment you need something from someone who has nothing you need that’s of at least similar value.