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RE: Money Inequality Matters, is it actually good or bad? - by chrisadventures

in #money8 years ago

The existence of money, in itself, means that someone will have it and someone won't. Money and inequality go hand in hand.

That's not good, or bad, it's just the way it is.

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That doesn't mean we can't affect the extent of inequality, right? And whether it's good or bad is quite personal, I believe! ;-)

I guess we could say it's relative, yes. I mean if you don't have money and starving, then that's bad for you, and if you have a shitload of money that you don't know what to do with them, then maybe that's better for you.

But concepts like money, distribution, etc etc, are all neutral by themselves.

It's like guns, in a sense. Guns are neutral. A criminal or a terrorist may use one, or a homeowner protecting his life and family may use one. It starts to become good or bad depending the personal relevance.

As for fixing inequality, I think that will require a change to gold and silver. As long as the central bankers can print into existence all the money they want, then the money that people are holding in their hands can be diluted and devalued. So we need money that the central bankers can't print.

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