Impossible? So the gov / central banks can’t conjure up new digital currency for well behaved folks to earn? Seems as plausible IMO as increasing $30+ trillion in debt.
Impossible? So the gov / central banks can’t conjure up new digital currency for well behaved folks to earn? Seems as plausible IMO as increasing $30+ trillion in debt.
Ultimately, no, they can't. If they could Nigeria's eNaira would have stabilized that country's finances. It hasn't.
If they could China wouldn't have a money velocity of over 7 for the eCNY they have in circulation: people do not want to hold the eCNY, and that is a guarantee of future inflation.
Without a stable currency universal basic income cannot be implemented. There's no way to get ahead of the inflation that would cause.
I will defer to your impressive economic expertise on this, but also reserve the right not to be surprised if the bastards still find the “means” upon which to accomplish this.
Impossible? So the gov / central banks can’t conjure up new digital currency for well behaved folks to earn? Seems as plausible IMO as increasing $30+ trillion in debt.
Ultimately, no, they can't. If they could Nigeria's eNaira would have stabilized that country's finances. It hasn't.
If they could China wouldn't have a money velocity of over 7 for the eCNY they have in circulation: people do not want to hold the eCNY, and that is a guarantee of future inflation.
Without a stable currency universal basic income cannot be implemented. There's no way to get ahead of the inflation that would cause.
I will defer to your impressive economic expertise on this, but also reserve the right not to be surprised if the bastards still find the “means” upon which to accomplish this.
Let's be clear: I'm not saying they aren't stupid enough to try it. I'm saying they aren't smart enough to make it work.
Tomorrow's article delves into some of this a bit more vis a vis China and the eCNY.
Seems kinda weird this is even a serious topic. A sign of our intriguing times.