Cyph3rp9nk on Nostr: Objective data on why it is not a good idea to print money and how during all this ...
Objective data on why it is not a good idea to print money and how during all this time we have lost purchasing power.
- Our parents could afford solid wood furniture, production processes have improved, therefore we should be able to buy the same furniture as our parents, and we are not. This applies to many building materials.
- By extension, it should be the same with housing, now a house is built faster because the production processes have improved and yet our parents had to spend many fewer years to afford it.
- The same applies to vehicles.
- Food has been especially sensitive to this. Many foods that were once considered poor people's foods, such as sardines, are now almost luxury delicacies. Many people can only eat cereal by-products, which is real garbage for the body, and cannot afford meat or fish in the necessary quantities.
- The only thing that has remained more affordable for a while, and even dropped in price, is electronics, because the deflationary advance of its development has been greater than the loss of purchasing power generated by the printing of currency.
Therefore, objectively, the printing of money has only served to impoverish those at the bottom and make those at the top richer, the present concentration of wealth is the greatest ever known from historical series, surpassing the period 1870-1914.
One only has to understand how the CPI works to know how evil Harari's words are. Normally wage increases in all countries are associated with the increase in CPI, this metric is manipulated downward, not reflecting the actual level of inflation, is the great swindle of the system, if this metric was associated with the real level, no one would gain anything and no one would lose anything, for someone to win someone else has to lose. This leads to salaries always lagging behind inflation and to the loss of purchasing power over time. If we distribute all the printed coins equally, nobody wins, everything stays the same, the coins have to be distributed only to a few, the Cantillon effect.
- Our parents could afford solid wood furniture, production processes have improved, therefore we should be able to buy the same furniture as our parents, and we are not. This applies to many building materials.
- By extension, it should be the same with housing, now a house is built faster because the production processes have improved and yet our parents had to spend many fewer years to afford it.
- The same applies to vehicles.
- Food has been especially sensitive to this. Many foods that were once considered poor people's foods, such as sardines, are now almost luxury delicacies. Many people can only eat cereal by-products, which is real garbage for the body, and cannot afford meat or fish in the necessary quantities.
- The only thing that has remained more affordable for a while, and even dropped in price, is electronics, because the deflationary advance of its development has been greater than the loss of purchasing power generated by the printing of currency.
Therefore, objectively, the printing of money has only served to impoverish those at the bottom and make those at the top richer, the present concentration of wealth is the greatest ever known from historical series, surpassing the period 1870-1914.
One only has to understand how the CPI works to know how evil Harari's words are. Normally wage increases in all countries are associated with the increase in CPI, this metric is manipulated downward, not reflecting the actual level of inflation, is the great swindle of the system, if this metric was associated with the real level, no one would gain anything and no one would lose anything, for someone to win someone else has to lose. This leads to salaries always lagging behind inflation and to the loss of purchasing power over time. If we distribute all the printed coins equally, nobody wins, everything stays the same, the coins have to be distributed only to a few, the Cantillon effect.
quoting note1chr…cz2yWhere can I buy one of these guys? It's for an experiment.