There Are Three Ways to Get Rid of Inflation. One Is "Impossible" and One Will Destroy the Country.
Anti-inflation money is the only way out of this mess
Inflation is literally evil.
It punishes disciples savers by devaluing their savings.
It robs the poorest people in society by eroding their purchasing power.
It rewards people for going into debt by making it easier to pay back their loans over time.
So naturally, corporate-captured governments and hyper-rich elites love inflation.
Billionaires no longer trigger income/dividends/estate taxes, so rising asset prices mean they can borrow money against their assets to fund their lavish lifestyles, then simply wait for inflation to devalue that debt before paying it back.
Today’s corporate-controlled politicians are so perverse that, in America, they recently printed $370 billion to fund something called the Inflation Reduction Act.
Can you imagine trolling poor people that hard?
“Inflate away my debts, but don’t you dare make me pay my laborers a living wage.” — Every corporation in America
The rich love inflating away their debts, but they absolutely hate it when inflation gets so high that all their wealth-creator workers ask for a pay raise because they can’t afford to, you know, stay alive.
Inflating away rich people’s debts = “good stewardship.”
Letting workers live above the subsistence line = inefficiency.
When workers start joining unions and staging strikes, that’s when corporatists get to virtue signal that it’s morally time to curb inflation.
Zero inflation is righteous:
No one gets robbed.
Saving is rewarded.
Debt levels shrink.
The grip of banksters and corporations weakens.
People adopt a longer-term mindset as they are now able to safely plan for the future.
Buildings get prettier (true story.)
It should be deeply concerning to everyone on planet Earth that the value of the dollar fluctuates and shrinks over time.
Think about it:
An acre is an acre.
An inch is an inch.
An hour is an hour.
A pound is a pound.
Every other measurement we have is unchanging, but the most important measurement in our lives, the one that we live and work and die for, sheds weight faster than Jenny Craig.
A dollar should buy a loaf of organic sourdough bread in 3500 BC and 3500 AD.
Otherwise, you’ve just built a society on robbing the poor in order to enrich the rich.
Worst of all, this sort of wicked wealth transfer always leads to violent revolution. It’s not… dare I say… efficient.
Politicians who fail to maintain a hard 0% inflation rate should be exiled.
There are three ways to eradicate inflation:
#1. Destroy the working class
This is the preferred method of the ruling elite.
If inflation spikes due to corporations raising prices because the Fed printed too much money, you can destroy demand by raising interest rates.
Raising interest rates decreases spending, which destroys countless businesses, and ruins millions of lives.
Of course, the big monopolies and mega-banks are able to weather the storm, knowing they can always get bailouts from the politicians they own.
So while millions of wealth-creating workers lose their jobs and homes (and their power to demand living wages), the parasite economy goes on a shopping spree, buying cheap assets on cheap credit, while suddenly not having to worry about giving workers living wages.
Want to get rid of inflation? Just crash the economy like the “Great” Depression or 2008 Recession.
#2. Tax the rich
The second way to get rid of inflation is to tax the rich.
After all, the hyper-rich are the leading beneficiaries of money printing.
During the first year of the pandemic, ten white dudes gained $1.5 trillion in net worth.
That’s $1,500,000,000,000 — enough to give all 580,466 homeless Americans and all 6.9 million single mothers living in poverty a free house and still leave those ten white dudes as mega-billionaires.
The fastest way to get rid of inflation is always to tax whoever ended up with most of the printed money.
But of course, corporate elites aren’t going to tax themselves.
Taxation is for the serfs, not the lords.
Tax is for the wealth-creating worker bees, not the sponges who soak up their honey.
Meaningfully taxing the rich is never an option in a rules-free-market economy. It’s impossible so long as corporatists own the major political parties.
History suggests the rich only ever surrender what they’ve hoarded when they are forced to do so. That’s why it’s vitally important to the elites to militarize the police force and invest heavily in AI robotics as quickly as possible. They don’t want workers to be unquellable any longer.
#3. Create anti-inflation money
Eradicating inflation will require the destruction of the working class (by raising interest rates), the taxing of the rich (not gonna happen), or the creation of anti-inflation money.
(No, not Bitcoin. Sorry Bitboys, but a hyper-privatized append-only database won’t solve inflation while increasing collective well-being.)
Here’s how our current inflation money works:
Central banks print money by selling interest-bearing debt to banksters.
Governments spend that new money on oil subsidies, wars of conquest, political pet programs, and private corporate interests.
That flood of money inflates prices, and the central bank has to print more money to pay interest on the debt-money it already printed.
Here’s how anti-inflation money works:
The central bank sells interest-free money to our governments (federal, state, county, and city.)
We invest the money in creating new commons assets like renewable tidal power and geothermal and hyperloop trains between affordable (and walkable) eco-cities.
Over time, we tax back some/all of the new money from whoever ends up with most of it (IE billionaires) and then we destroy that money.
I’ll give you an example: Let’s say an economy has $100 trillion in cash and $100 trillion in assets — houses, railways, airports, food, clothes, everything purchasable. If we print an extra $100 trillion in cash but our asset base grows by $0, then the only thing that will happen is that the price of stuff will double and the value of our money will be cut in half.
On the flip side, if our economy has $100 trillion in cash and $100 trillion in assets, and then we create another $100 trillion in cash to create $100 trillion in new assets, then tax-and-destroy all $100 trillion of that new cash, we now have $200 trillion in assets and $100 trillion in cash, meaning we’ve doubled our assets and doubled the value of our money.
Using anti-inflation money, we get ever-increasing levels of communal wealth and well-being while simultaneously seeing our money increase in value thanks to glorious deflation.
Using anti-inflation money, the public enjoys more commons assets, which put pressure on for-profit corporations to increase their quality or decrease their prices, creating even more glorious deflation.
Using anti-inflation money, house prices would actually fall over time, with deflation creating the added benefit of discouraging debt, which would force a ton of banksters and land-lorders to get real jobs that actually contribute something to society.
Create debt-free money → create new commons assets → tax back some of the money and destroy it.
This is how civilizations should use the technology of money to create real widespread well-being.
Less money + more commons assets = lower prices = more well-being.
Math!
But corporations are evil. Their sole legal fiduciary reason for existing is to extract wealth from the public for private gain. Elites don’t want widespread well-being. The god of our age is corporate profit, and everything must be sacrificed on its altar, including our health, time, lives, futures, and children.
That’s why — without a revolution, world war, or major economic depression that ruins millions of lives — prices will go up for the rest of our lives.
Inflation will always exist because powerful people will never stop being greedy.
Thanks for reading.
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