Wednesday, December 28, 2016

Steve's Barking; The problem with constant money

Their are many people in this world who consider themselves smart. Their so smart that they believe that the money supply should stay the same or ever so slightly go up as to be tied with gold.
These brilliant people never explain if population grows wouldn't that mean that the money supply depletes in relationship to the population. This being so we have a monetary depreciation of money.
Never mind the Midas's who wants it all as if money was some kind of game and the only way to win is to have more then the next person. In the game of survival that's not how the game is played.

Now I don't know how business is taught in Harvard, University of Chicago, or even Stanford, but I do understand that you need debt to succeed. Our politicians who are afraid of debt must be really lousy business people, or if they were successful in business before they decided to serve the country, they were probably idiot savant's who knew how to run their business but not very good in finance.

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