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To: politicket

You sound like a Von Mises student. I also oppose artificial monetary growth. Especially debt monetization (printing money).


31 posted on 12/21/2021 2:22:17 PM PST by Sam Gamgee
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To: Sam Gamgee
You sound like a Von Mises student.

More toward that end - but not completely in that school. Kind of a mixture of Von Mises and Adam Smith.

Basically, I boil everything down to its most common component - labor.

Then I ask the question - is it "completed labor" or is it "a claim on future labor" (slavery).

A claim on future labor is our current money supply, where those holding the claims control the future actions of others (also known as 'power').

I'm different from Von Mises since I believe everything revolves around the lust for power - and debt based money is a means to get there.

34 posted on 12/21/2021 3:51:54 PM PST by politicket
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To: Sam Gamgee
Especially debt monetization (printing money).

It's not just the printing of currency - but any promissory note (written or vocal) that increases the money supply by the amount promised.

The money supply shrinks when debt is paid off.

This is why those wanting all debt to be paid off doing understand that they would starve as a result - since the money supply would go to $0.

36 posted on 12/21/2021 3:58:48 PM PST by politicket
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