Are you OK with printing more money for the govt to spend?

Printing currency always costs the government more than the amount of money they get in return.

Keeping more currency in circulation to handle wealth is a lose-lose situation.

Fortunately, economic crashes happen repeatedly to destroy that wealth so that we can recover.

Unfortunately, a few individuals break through that system and attain a level of wealth that is self-perpetuating. Generational wealth. It's causing inflation.

 

I see your point, but don't understand why government wealth/spending/diluting value is being omitted. The wealthy invest Government spends like thieves with stolen credit cards. I just don't see how anyone can make a case that taking a dollar from the wealthy and giving it to the government is better for society. I live where this is already happening and we are leading the nation in poverty.

 

To be clear, I don't want the wealthy to lose their money, but that's life.

In past arguments over government spending, I have learned that when a government runs a deficit, that money gets destroyed, poof, out of existence. It isn't like when like you or I spend money and it circulates in the economy.

 

I’ve never had anyone explain to me adequately why the money supply (and I mean M0) needs to ever be changed at all.

 

That would make a good case for reducing government spending to a minimum.

 

1. population increases, 2. the rich hoard more money, thus more money need to be inserted into the economy for it to continue running, pretty simple

what happened when one player has all the money in Monopoly, you add more money to the bank, or you start the game over - only ways to keep the game going

 

You don’t seriously think that “the rich” have actual stacks of hundred dollar bills packed into their mattresses do you? They own stocks, bonds, real estate, art. Not dollar bills.

But in any event, the price of money will always adjust to the demand even if the supply doesn’t change. And the economy will still go on.

 

bitcoin\crypto and foreign banks... yes

 

Bank accounts are not M0. Hundred dollar bills ARE M0.

And bitcoin isn’t money. From Brittanica.com: https://www.britannica.com/money/topic/money

 

the fact is, the money the rich have is not touching as many American hands as it did in the past... that is part of the problem

and population growth means more money needs to be inserted into the system... only so much pie to go around

 

So it sounds like you’re saying that rich people have acquired money, but then they’re not using that money to buy things. Things the rest of us would like to buy. They’re just stacking up the money and not using it to bid goods and services away from the rest of us. That sound like they’re doing us a favor. More stuff to go around for the rest of us.

No, population growth does not mean that more money needs to be inserted into the system. Any quantity of money will work. Remember the price of money can change due to supply and demand for it.

 

money is not circulating to the rest of the economy

like I said, like a Monopoly game, we either make it work for everyone, or we start the game over

 

Not circulating? I have money in my wallet right now as we speak. Seventeen dollars, to be exact. And this very day, I used my debit card to transfer $25-ish (I don’t recall exactly) to a store.

 

I can make a snowball during winter too, doesn't mean it's cold during the summer if someone says it's hot

many of the kids these days have it harder than we did, less good jobs, housing costs much higher

 

This “not circulating” thing seems impossible. Every day people make purchases. Money changes hands. I really have no inkling of what you’re on about.

 

much of the money from corps goes overseas... foreign outsourcing
much of the money from consumers goes overseas... foreign goods

 

And how does that affect you or your assets?

And I’m not sure why you object to acquiring goods from other countries. I happen to like goods.

 

Not mine, I grew up during a good time, sounds like you did too

were talking about the next generations

doesn't surprise me the right supports excessive foreign outsourcing and excessive foreign imports

 

Does the right support that? I would not know.

Imports are a fact of life. I’m not sure what that has to do with the discussion about money.

 

Getting back to “the rich have too much of the money”. It makes it sound like they are hiding it away and not putting into circulation. If I’m misunderstanding that this is your objection, please correct me.

But if that is your objection, that the money is being taken out of circulation, let’s do a little thought experiment. Let’s say there’s a Daddy Warbucks who has a net worth of a hundred billion dollars. Let’s say for some reason he goes completely insane and sells everything he has. All the stock, the bonds, the property, the art, the airplanes. And he now has a hundred billion dollars in cash. Like actual cash bills that he withdrew from the bank. Let’s say he takes that gigantic stack of greenbacks, and he makes it into a big pile, and he dumps gasoline on it, and he burns the whole thing. To ashes.

What do you think would happen to the value of the dollars that you own?

 

the rich are getting richer and the middle class on down poorer, that is just a fact.... sure the right thinks the solution is more tax cuts for the rich

I think when the bottom half has nothing to lose, they won't care if the game is reset

 

Ah, so this is about wealth, not the money supply.

 

it's about being able to pay the rent, have a chance at bettering ones self, one the game is over, just like monopoly, it's time to reset the game

 

imports are not the problem.... excessive foreign outsourcing and excessive foreign imports are the problem

 

This “reset the game” thing seems to be being repeated. What exactly would that entail?