Reply to a Socialist

Socialist:  In the article, it says:

“Mr. Draghi, the central bank’s president, told reporters on that early December afternoon that it was ready to deploy new weapons against the eurozone’s dangerously low inflation rate.”

Why is low inflation dangerous?

Because, it a capitalist monetary system, where money (the value created by labor) has been commoditized by interest, the only time that interest charged on the capital in circulation can be paid (without a deluge of joblessness, bankruptcies, and foreclosures) is when the money supply is expanding, so that the principal on new loans can pay the interest on the previous loans.

For the EU economy to expand again, the inflationary part of the so-called “business cycle” must be ratcheted up.

Such is the gobbledygook of capitalism.

Me:  Precisely…but not of the profit making system of Distributism….which integrates a policy (and hopefully also the philosophy…but not necessarily a religion…aligned with Grace) with monetary grace the free gift.

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