Liberty Farmer on Nostr: None of that has anything to with what I stated. I am not sure you understand the ...
None of that has anything to with what I stated.
I am not sure you understand the current market. People, banks, pensions, family offices, etc.. are voluntarily loaning money to the federal government to continue defecit spending. Nothing is being raided. People want to loan the government money.
There is nothing inherently designed with or into fiat money that says the purchasing power must be lower over time.
That's a myth. It happens to be that governments cannot control spending, and issue more into circulation than otherwise would exist.
0% inflation or deflation is absolutely possible over time. Just not with governments being governments.
If the US ran a surplus every year like we did for a few years a few decades ago, the inflation rate would be zero, as they would just bank the surplus, pay down the debt without new debt, and be on their merry way. M2 would not need to go up.
They won't of course... But they could
I am not sure you understand the current market. People, banks, pensions, family offices, etc.. are voluntarily loaning money to the federal government to continue defecit spending. Nothing is being raided. People want to loan the government money.
There is nothing inherently designed with or into fiat money that says the purchasing power must be lower over time.
That's a myth. It happens to be that governments cannot control spending, and issue more into circulation than otherwise would exist.
0% inflation or deflation is absolutely possible over time. Just not with governments being governments.
If the US ran a surplus every year like we did for a few years a few decades ago, the inflation rate would be zero, as they would just bank the surplus, pay down the debt without new debt, and be on their merry way. M2 would not need to go up.
They won't of course... But they could