imurhuckleberry on Nostr: Money creation is never neutral. It always disproportionately benefits the first ...
Money creation is never neutral. It always disproportionately benefits the first recipient of new money, governments in particular, and negatively impacts the last recipients, real wages, and deposit savings. As such, the current monetary system is designed to penalise the most prudent savers and erode the purchasing power of the currency while rewarding excessive risk-taking and government fiscal irresponsibility.
Published at
2025-01-07 14:03:02Event JSON
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"content": "Money creation is never neutral. It always disproportionately benefits the first recipient of new money, governments in particular, and negatively impacts the last recipients, real wages, and deposit savings. As such, the current monetary system is designed to penalise the most prudent savers and erode the purchasing power of the currency while rewarding excessive risk-taking and government fiscal irresponsibility.",
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