Why can't we just print money to pay off debt?

in #economics5 years ago (edited)

Hey, Steemit. I’m posting this here as I believe it’s one of the most important issues and challenges of our time. 

It’s from the WonderWhy channel.

My comment.

If you wanted to have a sustainable economy one would have to find a way to keep inflation to about 5% per century so that all humans could have stability throughout the course of their life. It's likely not fiat currency itself that is the problem, but all the casino shenanigans surrounding it since Wall St. took over the earth. We need to find a way to end speculation on humanities basic needs: housing, food, education, and healthcare. In these four areas, we need a steady-state economic model on the local scale for this to be possible. Kind of a hi-tech Amish without the religion. Land needs to be freed up once again so that communities can create new self-sustaining models. Ask me for links where I flesh this out further. 

 I also think a Social Credit money system could help these types of micro-communities while the fiat system could be used for commercial capitalism. Maybe think of these micro-self sustaining communities as a 'residential' economy.  The current monolithic capitalist fiat enforced system we now have is not going to end well. But the ideas above are something we have the ability to do. An adjustment instead of collapse and chaos...Of course, there is the billionaire agenda 2030 solution! Is that what we really want?

I’ll add here that it was the corporatization of the commons which has, in part, created this inflationary nightmare along with the neoliberal Milton Friedman ‘monetization of everything’ madness. Humanity was severed from its relationship to the land so that billionaires could purchase it and turn everyone into rentiers. Corporations also took over the food supply (much of it toxic) while co-opting the political sphere. Wall St. and their speculative casino and advertising /media took care of the rest. 

So here we are at the brink of disaster. What to do? What to DO?

This is what to do if you're a central banker running this casino. Implement what is called Q.E. which is the Fed printing up money to give to their partners --the commercial banks-- who then pass it on to the real-estate developers who are busy in every city building the towers of Babylon. Of course, this is making these folks very rich! The workers not so much. Most of the workers will be renters whose income is ‘stolen’ through taxation, inflation, and usury when income can’t keep pace with the cost of living. The whole political spectrum is now in the business of trying to protect the 10% who are benefitting enormously from these shenanigans. 

If you find yourself in the other 80%ish? You don’t count and your opinion is worthless. 

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