by Summary:
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes I am I said
Lars Pålsson Syll writes The non-existence of economic laws
Michael Hudson writes Gaza – Civilization will Win over Barbarism
John Quiggin writes The war to end war, still going on
Inflation is bad. And always. You don’t need either inflation or interest to ensure money is not hoarded. Demurrage works. It is a price stable way to ensure the means of exchange remains in circulation by limiting the store of value in time. Keep it too long, don’t spend or lend it away, and get hit with (say 25%) tax. That is the core idea. The gov gets money it can spend or simply burn if there is an excess of “cash”. It can print and spend, assured that the money will quickly circulate back into its hands to be spent or burnt.
Inflation means the absolute value of loans and the service charge always increase. Interest or inflation require an economy to always increase productivity, but what happens if nature does not allow that? also, isn’t it retarded to have an unstable unit of account?
and remember, any sufficiently oligarchic or plutocratic economy is indistinguishable from feudalism or centralized command and control economies.