Aran55633's avatar

Aran55633

A member since

0
0
1

Total posts: 5

Posted in:
The Solution To Poverty?
-->
@ethang5
You ignored every word of what I said and just pulled your argument out of thin air.  If you want to be taken seriously, provide some actual evidence and a legitimate rationale for your position.


$14 trillion USD, of which only 11% is in physical form.  That means over $12 trillion dollars exists as only digital currency.  They aren’t physical, but they are real U.S. dollars.

Where is the $350 trillion going to come from?  If you just make it out of thin air, you will get massive levels of inflation.

”Inflation is imaginary”.

Lol?  

I defy you to find a single economist who says that.  I mean, inflation has literally brought down governments.
Created:
0
Posted in:
The Solution To Poverty?
-->
@Buddamoose
I understand.  It’s all good. :)

I make silly mistakes all the time.
Created:
0
Posted in:
The Solution To Poverty?
-->
@Buddamoose
$1 million x 350 million is $350 trillion, not $350 billion.

$350 billion actually would not be that much money for the government; we’ll spend much, much more than that on entitlements this year.  $350 trillion, on the other hand, is a HUGE amount; in fact, such a figure actually eclipses the wealth held by all 7+ billion people on Earth collectively.

As for why it wouldn’t work, look at any case of hyperinflation.  Pumping money into the economy by just “printing” money, (I realize it isn’t actually printing physical money, but it effectively is, of course.  Not all money is in physical form; a lot of it is just figures in a computer database.  But those figures still represent a USD, so even though that “figure” isn’t represented by a physical dollar anywhere on Earth, those add to the total number of U.S. dollars in the world economy) where the money added isn’t reflected in the addition of any resources with “real” value, is one of the primary causes of inflation/hyperinflation.  That and a lack of confidence in the value of that currency; printing more money will reduce the value of the currency, and that could reduce confidence in the value of that currency, potentially producing something of a positive feedback loop.

Money is just like anything else in that, when the quantity of it relative to other “commodities” increases, it loses some of its relative value.  

You are essentially advocating for an artificial injection of 350 trillion U.S. dollars into the world economy, more than doubling the total amount of money on Earth.   This would cause hyperinflation, probably the most severe hyperinflation in the history of our species, and the dollar’s value would collapse to next to nothing.
Created:
2
Posted in:
DebateArt Political Compass
Economic Left/Right: -2.5 
Social Libertarian/Authoritarian: -2.97

Created:
0
Posted in:
How do you cross the street?
-->
@Mopac
Mopac, you are wrong.  Vishnu, Krishna, and Brahma are the original uncaused causes.  It is by and through them that all we see exists.  They are the Eternal, Supreme Reality.  Through them is our reality created, maintained, and, in the end, replaced with a new reality.  Replaced because they are THE Ultimate Reality.

. . .  You see how silly it is to say these things, right?  It’s pretty much exactly the same thing you’re saying; there’s no evidence or logic to back it up, and no one could ever produce any evidence to support it.  It is the same with your argument.

You just say these things as if it should be self-evidently true, but you could say the same thing about any religion, or really just anything.  Shiva, Allah, Wotan, a ham sandwich, et cetera.

You’re not the first person to think that you know everything.  
Created:
0