All inflation is psychological, but the end result is the same if it goes unchecked....just bank runs were psychological....it's end result you don't want... There is no deflation.
Nothing goes down unless it's being competed by cheaper labour sources or vastly superior Innovation and those require usually a massive supply chain to even get in the first place....so you leak out in other industries all the deflation of some key ones...
Yeah, thats a utopian dream. It requires a real shift from the concept of money ... That isn't really deflation... His theory is that we will "all share in the wealth" of the big corporations.....
Bs
He seems to be believe that wealth transfer comes gracefully.....
I agree that the constant devaluing of labour will cause economic turmoil, but that is traditionally what is meant by inflation...perhaps the mechanism is secretly a deflation, but I think it's more complex.
We want more buying power always, and the system is debt driven which cannot result in a fully empowered workforce, so you need to have a suction pulling via the interest rates to keep the system afloat....they fucked up since the 80's because they have consistently be fucking with the interest instead of promoting the underlying actions.
Loans have been used to increase buying power....not actual output. This is the cause of the problems. This has led to consolidated profits and spread out debt....this causes massive inequality amongst those who produce and those who fail to produce....since we have debt attached it punishes Failures....but doesn't balance the rewards properly when consolidation occurs.
All inflation is psychological, but the end result is the same if it goes unchecked....just bank runs were psychological....it's end result you don't want... There is no deflation.
Nothing goes down unless it's being competed by cheaper labour sources or vastly superior Innovation and those require usually a massive supply chain to even get in the first place....so you leak out in other industries all the deflation of some key ones...
Yeah, thats a utopian dream. It requires a real shift from the concept of money ... That isn't really deflation... His theory is that we will "all share in the wealth" of the big corporations.....
Bs
He seems to be believe that wealth transfer comes gracefully.....
I agree that the constant devaluing of labour will cause economic turmoil, but that is traditionally what is meant by inflation...perhaps the mechanism is secretly a deflation, but I think it's more complex.
We want more buying power always, and the system is debt driven which cannot result in a fully empowered workforce, so you need to have a suction pulling via the interest rates to keep the system afloat....they fucked up since the 80's because they have consistently be fucking with the interest instead of promoting the underlying actions.
Loans have been used to increase buying power....not actual output. This is the cause of the problems. This has led to consolidated profits and spread out debt....this causes massive inequality amongst those who produce and those who fail to produce....since we have debt attached it punishes Failures....but doesn't balance the rewards properly when consolidation occurs.