The perpetuation of these zombie companies or just bad companies means that actually productive companies don't have access to people, material, and so on and so forth.
It's inflationary beyond the monetary effect because we're taking our best and brightest, and limited natural resources and instead of using them to create important things, we've got them working on chat apps.
It's inflationary beyond the monetary effect because we're taking our best and brightest, and limited natural resources and instead of using them to create important things, we've got them working on chat apps.
Controlling the means of production inevitably means that the same thing happens just in a different way. The method that is most likely to work would be having sound money.
In the us, the Constitution doesn't even allow for the monetary system that exists. Paper is not allowed as money, central banks aren't allowed to be the money printers, only gold and silver are allowable as currency. You can definitely make an argument that maybe gold and silver aren't the ideal solution, but it's a start.
For now, rising interest rates are actually going to help. A lot of prices are only being bid up because there's so much money trying to find a limited amount of growth, in part because actual inflation is very high and has been for a long time due to excess money printing. It'll hurt, but it should drive asset prices down and focus investing on things that provide value rather than just things that are going to go up because they go up because everyone has extra money and they're all investing in the same thing at once.
In the us, the Constitution doesn't even allow for the monetary system that exists. Paper is not allowed as money, central banks aren't allowed to be the money printers, only gold and silver are allowable as currency. You can definitely make an argument that maybe gold and silver aren't the ideal solution, but it's a start.
For now, rising interest rates are actually going to help. A lot of prices are only being bid up because there's so much money trying to find a limited amount of growth, in part because actual inflation is very high and has been for a long time due to excess money printing. It'll hurt, but it should drive asset prices down and focus investing on things that provide value rather than just things that are going to go up because they go up because everyone has extra money and they're all investing in the same thing at once.
- replies
- 0
- announces
- 0
- likes
- 0