Me: Wilders and every other populist pol, while understandably upset about the sorry economic state of their nation and of the poor leadership of their elites, have not penetrated to the core problem that holds all of the frustration and lack of genuine progress in place. That core problem is not just the government or some other human interaction issue that will basically go away if the core issue is actually addressed. The real problem is the monopolistic financial paradigm of debt ONLY.
It’s not the crack pot issue of interest which only has a particle of truth to it. It’s not fractional reserve banking or the FED’s policies and follies both of which also have a particle of truth to them. It’s that the banking and financial powers will not allow monetary gifting to be sufficiently integrated into the money system so that the economy flows prosperously, and individuals and businesses are freed from the monopolistic dominance of debt ONLY….and they stay free as innovation and AI increasingly erode aggregate individual incomes in the immediate future.
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Productivity IS deflationary…primarily to aggregate individual incomes. The problem is, as depreciation costs of accumulating capital increase so does the lower bound of price also rise, thus squeezing profits and eroding individual purchasing power. Rather than insisting that austerity wring even further pain out of the individuals and businesses in the economy the solution is graciously abundant monetary gifting with a dividend and cost savings with a retail discount. If you just look at it from a humane and freeing point of view the third alternative to rigid orthodoxies on both the left and right becomes apparent.
MS: Fractional reserve lending, massive expansion of debt, and Fed insistence on inflation in a productivity-induced deflationary world is “the” problem. Your proposal to solve the problem by more government mandates (giving away free money) is seriously misguided.
Debt increased exponentially increased when Nixon closed the gold window. Your half-baked, non-solution of giving away money does not address any fundamental issues I raised. Your further statement “No one has to pay for it, the money would be created out of nothing exactly like virtually all of our money is now. The difference would be that it would be GIFT of money equally distributed to every citizen or every citizen 18 and older,” is so preposterous and tiring, that I deleted it.
I am really tired of debating your nonsense. Start all over with a reflection on the problem. “Gift” money mandates are pure stupidity. It promotes “something for nothing” perpetual-motion madness that does not work in the real world.
I do not have the time or the energy to debate such nonsense with you endlessly. Any subsequent reference by you to giving away money as the solution will be deleted without comment.
I have been very patient, but this is it.
Me: All of your “solutions” are structural issues. Ideas and generally held ideas as in paradigms are a priori and more powerful in their effects. Sorry, ideas trump structure because they go to the heart and core of problems.This has been known for a long time and is not just my opinion. You can ban me and run from that truth if you so desire….but it won’t change the truthfulness of it.
The truth is also that I’ve posted here for many years, been almost entirely ignored by you except the occasional mistaken outburst like calling me a communist so no big strain on you, and been derided and mistakenly called a socialist since the beginning by your commenters. So who’s the one that has endured anything and been the patient one here?
MS: Please Think before promoting nonsense.
Question: In a deflationary world, what happens to the price of input goods to businesses?
How are they hurt?
Where is the price squeeze on businesses?
What is the real problem here?
Answer: Just what I said: central bank mandated inflation ion a deflationary world and fractional reserve lending.
You keep promoting ridiculous solutions of giving money away.
That’s it.
I am done responding.
Me: If the system is inherently price inflationary because costs inherently exceed incomes with which to liquidate them your “solutions” are a faster route to collapse and chaos. The problem is you look at the economy from an orthodox viewpoint which ignores the ADDITIONAL costs of ever increasing and depreciating concrete capital. It’s a shallow and incomplete assessment. Sorry. Orthodoxies stop looking at changes and modern economies have changed a lot since Smith and even since Menger and Von Mises. Sorry.