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.
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.