Could you elaborate a bit on that? I’m not really sure how a business that “actually grows” would be functional ina fixed economy without becoming confusing graphs or entering some other major problem.

Taxes are the current most frequent form of deflation in any country with a sovereign currency. The government spends/prints money in step one, the currency circulates through the economy in step two, and the last step, taxes, is your anti-inflationary device.

After a while it becomes a pain to lug all that bread around, so what if everyone just agrees to have little bits of paper with “1 bread” written on it in place of actual bread, and we can use that. Someone gives you a bit of bread-paper and later if you need bread, you can just go see them at home, or wherever they keep their bread, and get a loaf or two as agreed.

But of course people will just write “1 bread” without actually having the bread so it’s better if we have some central authority where people can swap their bread for carefully drawn bits of paper that can be verified as real, and if anyone wants bread they can just go to that authority and swap their paper back for bread.

You don’t have to go and actually get the bread of course. Nearly everyone will take the bread-paper as a replacement for actual bread, because hey, if they really need bread they can go to that central authority and get bread. And it’s good bread, high quality stuff, so everyone trusts them to give them bread if they need it, but how many people really need all that actual bread? It’s much easier to swap bits of bread-paper for that motorcycle, or groceries, or whatever, rather than pass actual bread around the place.

But then after a while it becomes a real nuisance to hold all that bread somewhere, so how about we just hold a nominal amount of bread, say, enough to cover people who might want to change their bits of paper for bread today, and for the rest of the bread we’re supposed to have we’ll just keep track of who has how many bread-papers in a journal.

And so on and so forth, until there’s no bread at all and hardly any bread-papers even, and we’re transferring bread-papers electronically using phones and plastic cards with a lot of smarts in them and in the end we’re just mucking around with bread-numbers in a book somewhere.

And in a country with practically infinite money, why don’t we ensure housing? We have infinite money, we could house literally everyone, but we don’t. Why not?

I’d genuinely love to learn more, do you have any readings for pre-marxist ideas about equality in economics?

There is no need for growth. Sustainability used to be a thing. But the wealthy do what the wealthy do with all their leasure. Turning systems inside out and on their head. Gaming it till the growth pushes everyone else out. And it’s not likely to change till capitalists are regulated from existence.

Currency and markets can exist without capitalism. Sustainably can’t exist with capitalism.

If we fixed prices for one thing, we’d have to do it for everything. In a world where resources aren’t exactly infinite, that creates a huge problem; especially when you have to pay people who’re producing this fixed-value commodity (because you need people for that) and you have to increase their wages to buy stuff that isn’t fixed-value, like housing (since land is a limited, though abundant, resource).

neither of those governments had monetary sovereignty. Zimbabwe was also an exceedingly rare case of hyperinflation within a country using fiat currency.

Edit: please, engage with the source material. What about monetary sovereignty is incorrect?

Just look at Germany pre ww2

The German government in the early '20s engineered their hyperinflation as part of an attempt to demonstrate an inability to pay the ruinous war reparations demanded by the Versailles Treaty. It’s really not a good example of “natural” inflation.

As someone who is not informed on this and just is going by what is written in this thread, the videos seemed high quality and informative, and you saying “I got a degree” and refusing to engage because you don’t like YouTube is absolutely unhelpful and uninformative.

It seems like @rockSlayer@lemmy.world is right, based on the information available right here. If you really disagree and would like like to show otherwise, please do engage and provide more information, I find this interesting.

If you can’t condense it and make a point it is obviously meaningless.

That’s literally what he did in the first comment you replied to.

He posted the sources to back up his point because you were disputing it, and then you said “you don’t have a point!” Ridiculous.

People just don’t seem to understand the supply-and-demand aspect of inflation, which is what causes these braindead takes; nor do these YouTube videos bother explaining it.

The Second Thought video is indeed a tertiary source, but the 1Dime videos has all sources in the comments. I understand that people don’t “like” it as a source, but that doesn’t invalidate them either. They are essentially longer form content explaining what I said in greater detail. If someone came in and said inflation was due to the flat earth, then we can dismiss those claims. Any “sources” would not be backed by economic or scientific theory. This doesn’t change based on the format of the source.

This is an internet comment section. You need to chill about youtube videos as sources. It almost comes off as snobbish. No one here is under any obligation to do anything for each other. If you wanna ignore a long video someone posted because you don’t want to sit through it, fine. You are allowed to do that.

The existence of flat earth videos doesn’t invalidate the entire concept of information in videos.

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