It doesn't increase purchasing power

[DashingAgent]

Decreasing the volume of dollars or other fiat currencies does not increase purchasing power


Cryptocurrencies, especially memes, have a much larger supply than dollar and other fiat currencies, If a person's purchasing power is to increase, more and more dollars and other fiat currencies need to be printed, The gold supply theory and the petrodollar theory in printing dollars must be completely eliminated, Because economically, these ideas of making the society prosperous are baseless, Similarly, increasing productivity to lead to economic prosperity is also a baseless theory, Because you need capital to increase production, And to get capital you need loans, And you need more production to pay off the debt, While the population of the world and the needs of the people are not increasing in the proportion in which the production is increasing, Moreover, even if production is increased, people are not prosperous, people do not have money, In all this, banks are only in profit and people are in loss, Because we have completely ignored the fundamental theory of necessity, Which is in addition to gold and production and this is labor, While AI is going to end this too, dollars and fiat currencies should be completely independent, There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

[Ucy]

Increasing the volume of fiat currencies for consumption of scarce goods and services would make the prices of the goods and services go up and reduce purchasing power especially for previous holders of the fiat currencies.


 Bitcoin has a maximum supply of 21million, and its price started at less than a dollar. How many supply of dollar has ever been printed? Billions, trillions, quadrillion etc? And note it doesn't have maximum supply and seems to depreciate in value/price.


Increasing purchasing power by printing more will only end up debasing a fiat currency, asssuming it's printed for just the consumption of scarce goods and services.


Money is not necessary for increasing production. You can use seed or products you need to run the business. Beside, money should be printed in exchange for collateral, work or something.  That's what backs it up rather than printing it out of thin air without anything  backing it up. It's a gamble to lend out money to people without gurantee of repayment. Collateral is some sort of gurantee, a worker who's proven to be very productive/profitable could use the productivity as gurantee, otherwise a potential worker needs to first learn the business well before seeking for loan, or start with a seed or male & female chickens and learn from multiplying them.

You prosper when your business/production succeeds and flourish so that you have enough for your/others needs.. People need to succeed in business to be able to exchange what they have amongst themselves for what they need. It's not necessarily about money  If you produce corn but need meat then give some to a meat producer in exchange for some meat. If he says "sorry, I don't need corn" or "I already have enough corn" then a service could match you with other meat producers who need corn.

[Sayeds56]

Increasing the volume of fiat currencies for consumption of scarce goods and services would make the prices of the goods and services to go up and reduce purchasing power especially for previous holders of the Fiat currencies.


 Bitcoin has a maximum supply of 21million, and it started from less than a dollar. How many supplies of dollars has ever been printed? Billions, trillions, quadrillion etc? And note it doesn't have maximum supply and seems to depreciate in value/price.


Increasing purchasing power by printing more will only end up debasing a fiat currency, asssuming it's printed for just the consumption of scarce goods and services.


Money is not necessary for increasing production. You can use seed or products you need to run the business. Besides, the money should be printed in exchange for collateral, work or something.  That's what backs it up rather than printing it out of thin air without anything  backing it up. It's a gamble to lend out money to people without gurantee of repayment. Collateral is some sort of gurantee, a worker who's proven to be very productive/profitable could use that as gurantee, otherwise potential workers first learn the business well before seeking for loan, or start with a seed or male & female chickens and learn from multiplying them.

You prosper when your business/production succeeds and flourish so that you have enough for your/others needs.. Everyone needs to succeed in business to be able to exchange what they have amongst other people for what they need. It's not necessarily about money  If you produce corn but need meat then give some to a meat producer in exchange for some meat. If he says "sorry, I don't need corn" or "I already have enough corn" then a service could match you with other meat producers who need corn.

Well said. Your statement is 100% correct that increasing the money supply by printing more currency can indeed lead to devaluation and reduced purchasing power. of fiat currency, and unfortunately this is what is happening globally. The best way to create wealth is based on something real like hard work or something valuable you own. It is crucial to increase agricultural and industrial production to create new job opportunities and enhance the prosperity of the population.

[Chilwell]

Increasing the volume of fiat currencies for consumption of scarce goods and services would make the prices of the goods and services to go up and reduce purchasing power especially for previous holders of the Fiat currencies.


 Bitcoin has a maximum supply of 21million, and it started from less than a dollar. How many supplies of dollars has ever been printed? Billions, trillions, quadrillion etc? And note it doesn't have maximum supply and seems to depreciate in value/price.


Increasing purchasing power by printing more will only end up debasing a fiat currency, asssuming it's printed for just the consumption of scarce goods and services.


Money is not necessary for increasing production. You can use seed or products you need to run the business. Besides, the money should be printed in exchange for collateral, work or something.  That's what backs it up rather than printing it out of thin air without anything  backing it up. It's a gamble to lend out money to people without gurantee of repayment. Collateral is some sort of gurantee, a worker who's proven to be very productive/profitable could use that as gurantee, otherwise potential workers first learn the business well before seeking for loan, or start with a seed or male & female chickens and learn from multiplying them.

You prosper when your business/production succeeds and flourish so that you have enough for your/others needs.. Everyone needs to succeed in business to be able to exchange what they have amongst other people for what they need. It's not necessarily about money  If you produce corn but need meat then give some to a meat producer in exchange for some meat. If he says "sorry, I don't need corn" or "I already have enough corn" then a service could match you with other meat producers who need corn.

Well said. Your statement is 100% correct that increasing the money supply by printing more currency can indeed lead to devaluation and reduced purchasing power. of fiat currency, and unfortunately this is what is happening globally. The best way to create wealth is based on something real like hard work or something valuable you own. It is crucial to increase agricultural and industrial production to create new job opportunities and enhance the prosperity of the population.

Increasing in money supply causes inflation which means the price of items will in increase and the currency will not have value. On like America that doesn't produce anything rather than printing of dollars which is because is currency regulating global market. Now let assume the entire world has concluded not to transact with dollars anymore the entire America will collapse, that is why the fight any nation who is try to fight dollars. So for  someone to increase wealth is to be productive, hard work and so many things good.

[davis196]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

So you suggest that the banks/government should simply start giving away money to the people for free, without any interest rates, requirements for repayment and collaterals? The inflation is going to hit absurd levels, if such thing happens.
Are you trying to invent a new economic theory or something? All the people are complaining about fiat currency devaluation and decreasing purchasing power and yet you suggest the governments to print more money and give them away to the people, which will lead to more currency devaluation and lower purchasing power. This doesn't make any sense.
I'm waiting for a politician to promise something like this. He will be elected for sure.
"Let's shower the people with newly printed helicopter money. Everyone will become a millionaire and the inflation won't hit 100000%. I promise."

[Tuturtinular]

~snip~

I don't know what you mean. The argument constructed is not clear. The current financial system is (maybe) independent and the one who has financial authority is the central bank. The state does not have full power to intervene in the financial system. Even though they can make policies to regulate money circulation. The more money circulating in society, the state and banks will increase deposit interest so that more people save in banks and the circulation of money in society decreases. If there is too little money in society, banks will lower interest rates so that many people borrow money from banks and there is a lot of money circulating in society.

Then when you say that banks must help people by giving money and debts do not need to be paid then that is the destruction of the world.

[Yamane_Keto]

Cryptocurrencies, especially memes, have a much larger supply than dollar and other fiat currencies, If a person's purchasing power is to increase, more and more dollars and other fiat currencies need to be printed

The large supply volume greatly affects the stability of the price in the long run. Memes adopt a large supply volume policy because it is a good lever for the price, especially in its effect on market capacity. If This means a market capacity of one billion dollars, while the real demand is one million dollars. These sharp differences in the market price are what give these currencies value, but they make the price very volatile and closer to being a scam.

you find fluctuation in its price as shown.

The petrodollar theory cannot be eliminated because it is the basis of today's economy. The global economy and global debt have grown in a way that has become impossible to cover with gold or any other valuable cover.

[mvdheuvel1983]

Meme coins may have been produced in larger quantities but meme coins as well as cryptocurrencies cannot beat the dollar when it comes to stability, trust, and value. Now look at the gold supply theory and the petrodollar theory which you have called for to be eliminated. Do you think our fiat currencies would be enjoying its stability if we didn't have these? It was the only option before crypto and even though it needs to be upgraded in my opinion to fit our current world, I don't think it should be eliminated.

[wajik-tempe]

Meme coins may have been produced in larger quantities but meme coins as well as cryptocurrencies cannot beat the dollar when it comes to stability, trust, and value. Now look at the gold supply theory and the petrodollar theory which you have called for to be eliminated. Do you think our fiat currencies would be enjoying its stability if we didn't have these? It was the only option before crypto and even though it needs to be upgraded in my opinion to fit our current world, I don't think it should be eliminated.

The concept of a decentralized and fixed supply, such in the case of Bitcoin, tries to alleviate difficulties such as inflation and loss of buying value. The concept of decreasing the need for loans and interest payments while also holding banks more responsible to governments is undoubtedly intriguing. The emergence of cryptocurrency has compelled us to reconsider existing banking structures.

[NewRanger]

Meme coins may have been produced in larger quantities but meme coins as well as cryptocurrencies cannot beat the dollar when it comes to stability, trust, and value. Now look at the gold supply theory and the petrodollar theory which you have called for to be eliminated. Do you think our fiat currencies would be enjoying its stability if we didn't have these? It was the only option before crypto and even though it needs to be upgraded in my opinion to fit our current world, I don't think it should be eliminated.

The concept of a decentralized and fixed supply, such in the case of Bitcoin, tries to alleviate difficulties such as inflation and loss of buying value. The concept of decreasing the need for loans and interest payments while also holding banks more responsible to governments is undoubtedly intriguing. The emergence of cryptocurrency has compelled us to reconsider existing banking structures.

Yes. Currently there are billions of people who can access the internet, but not everyone has access to a bank or money exchange system, but with digital keys, access to our own currency becomes very easy so that over time our dependence on banks will decrease.

The market continues to run, the use of cryptocurrency cannot be frozen or restricted by any entity and Blockchain makes it difficult to be cheated, it's just that currently the price drama is too much if we pay attention.

[Tytanowy Janusz]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

If you believe that loans should not be repaid, then what is the reason to work or start a business (produce goods) when I can take out a loan for a house, car and everyday expenses and not pay it back for the duration of my life?

Money loses value over time, which is why loans carry interest. Moreover, money is a product. You pay for renting a car and also for renting skis, so why should renting capital be free (zero interest)?

[el kaka22]

It is such a funny idea that people may want free money lol. There is nothing like that, you can't possibly keep doing that, and you will run out of money and the growth will not be as good as you think, it would be mostly debt that doesn't get paid back, the default rate would skyrocket like crazy.

There are a million other things that people could talk about other than me, there are economists who would help you on why this can't happen for many reasons a lot better than I can do, but even I as a person who did not study economy ended up figuring out at least half a dozen, so that means it makes sense that something like this doesn't happen. Life is not all free candy, you can2t just liver your life thinking that what you are thinking is the best idea, there is a reason why what you think is not the right way, you should always research why it doesn't happen, and if you can't find any, find the experts who says no, they will explain.

[BitcoinTurk]

Purchasing power is something that varies depending on the currency value of the country a person owns and unless the currency appreciates there is no increase in purchasing power. Reducing the circulating supply of any fiat currency is of course a factor that helps that currency appreciate but this process alone is not sustainable. Therefore, constantly reducing the amount of fiat currency in the market will not literally help increase purchasing power.

In addition, in order to increase purchasing power, cost-effective production must be realized because if production is limited the price of that product or service will increase as the supply will be low and there will be a decline in purchasing power due to the fixed salary of individuals. In addition, in case of low-cost production the product or service will reach individuals at a lower cost which will have a positive impact on purchasing power.

On the other hand, if there is an increase in the fiat currency in circulation that currency will lose value and as a result a decrease in the purchasing power of individuals will be observed. The fact that all fiat currencies have an unlimited supply also supports that this situation is always likely to occur.

[jrrsparkles]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

What you are proposing is an idea of how to make fiat money = toilet paper 

Even though they are literally the same still people trust them because they believe that they hold the value of what it say and if you are proposing an idea to break that chain then what actually will be the value of your fiat?

If people can get loans from the government when they want and there is no need to repay it will not increase the value, it makes the value zero so here comes the basic theory of all the demand and supply decide the value of a product.

If there is a product with high supply and no demand the value is zero similarly if a product has no supply but high demand still the value is zero so balancing the part decides the value of every product.

[Kakmakr]

In what fantasy world are you living, where Banks will be profitable by giving interest free loans? That business model will destroy the Banking system and the world economy, because Banks cannot operate without some interest being paid on loans. 

The problem is..... most interest charged by Banks and financial institutions are way too high and people are pushed into long-term debt as a result of that. Also, non-payment of the debt is also profitable for these Banks, because assets are repossessed and sold for a profit. (Debt has become a commodity that are sold to debt collectors... so Banks and other financial businesses are still profiting from the non-payment of these loans) 

[hugeblack]

There are many economic theories that believe that interest rates, no matter how low, are harmful to the economy, and therefore loans should be 1:1, and that there is no safe and secure way to generate money from money except through risk, such as trading, trading, and other methods, but given the world we are in and its nature. In the global economic system, this does not happen. We have a system based on interest and on creating money from money and printing more for prosperity, and the person who collects the assets remains the biggest winner.

[slapper]

Reducing dollar volumes doesn't boost purchasing power. That's expected. The supply of cryptocurrencies, especially meme coins, regularly exceeds currency. However, printing more money doesn't necessarily improve purchasing power. That's confusing?

The gold supply and petrodollar theories have opponents, and I agree they may not solve economic success. You remarked that increasing productivity without considering necessity is troublesome. Labor underpins our economy, but AI's rise threatens it

Banking at the expense of the public? Many feel that way. Does comprehensive government control of banks solve the problem? Wouldn't that provide challenges? Interest-free loans sound enticing, but are they sustainable?

[Queentoshi]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

It does not make sense, because it is totally against the order of things and will ruin a lot of things if things are done that way. Issuing free money to people will not make people more prosperous or put them in a better financial position. Money given freely without conditions has a high chance to be squandered, and if people know that taking loans come without conditions and no responsibility to pay back, people will keep taking loans and using this money on unimportant things that do not have the potential to make them financially independent. Such an act will promote financial irresponsibility and a sense of entitlement.

[Renampun]

Increasing the volume of fiat currencies for consumption of scarce goods and services would make the prices of the goods and services to go up and reduce purchasing power especially for previous holders of the Fiat currencies.


 Bitcoin has a maximum supply of 21million, and it started from less than a dollar. How many supplies of dollars has ever been printed? Billions, trillions, quadrillion etc? And note it doesn't have maximum supply and seems to depreciate in value/price.


Increasing purchasing power by printing more will only end up debasing a fiat currency, asssuming it's printed for just the consumption of scarce goods and services.


Money is not necessary for increasing production. You can use seed or products you need to run the business. Besides, the money should be printed in exchange for collateral, work or something.  That's what backs it up rather than printing it out of thin air without anything  backing it up. It's a gamble to lend out money to people without gurantee of repayment. Collateral is some sort of gurantee, a worker who's proven to be very productive/profitable could use that as gurantee, otherwise potential workers first learn the business well before seeking for loan, or start with a seed or male & female chickens and learn from multiplying them.

You prosper when your business/production succeeds and flourish so that you have enough for your/others needs.. Everyone needs to succeed in business to be able to exchange what they have amongst other people for what they need. It's not necessarily about money  If you produce corn but need meat then give some to a meat producer in exchange for some meat. If he says "sorry, I don't need corn" or "I already have enough corn" then a service could match you with other meat producers who need corn.

Well said. Your statement is 100% correct that increasing the money supply by printing more currency can indeed lead to devaluation and reduced purchasing power. of fiat currency, and unfortunately this is what is happening globally. The best way to create wealth is based on something real like hard work or something valuable you own. It is crucial to increase agricultural and industrial production to create new job opportunities and enhance the prosperity of the population.

when the government prints money excessively and without calculation, the fiat currency of that country will become worthless and the countries of Zimbabwe and Venezuela have become clear evidence of the government's failure to control the circulation of their own country's currency, but they are countries that have strong economies and influence.  Large companies are able to control the value of their currency even though they print new money continuously, for example the US and China.  Developing countries will not be able to follow in the footsteps of these two countries, so what developing countries need to do to increase the purchasing power of their people is to increase employment opportunities and also provide decent education.

[Davian144]

The concept of a decentralized and fixed supply, such in the case of Bitcoin, tries to alleviate difficulties such as inflation and loss of buying value. The concept of decreasing the need for loans and interest payments while also holding banks more responsible to governments is undoubtedly intriguing. The emergence of cryptocurrency has compelled us to reconsider existing banking structures.

Banks really have to use more consideration in the present and the future if they don't want to see more customers fleeing elsewhere. Because the emergence of cryptocurrency has changed the forms and ways of thinking of many people in terms of saving and using money, any bank must be able to improve and develop according to today's technology. So that their services can continue to be relied on by customers even though cryptocurrency users will continue to increase over time.

Yes. Currently there are billions of people who can access the internet, but not everyone has access to a bank or money exchange system, but with digital keys, access to our own currency becomes very easy so that over time our dependence on banks will decrease.

If banks in the world do not keep up with developments in today's modern era, it is clear that all banks will be left behind because there will be fewer users of bank services. So the reduction in bank service users will also result in banks closing slowly, so the bank must be able to change everything by trying to keep up with technological developments that are more advanced and easier, such as those in Blockchain so that bank users can survive even though we all have also used other services besides banks.

The market continues to run, the use of cryptocurrency cannot be frozen or restricted by any entity and Blockchain makes it difficult to be cheated, it's just that currently the price drama is too much if we pay attention.

Price is not a drama, but it is a reality that can be seen through demand and supply in the market so we cannot deny it other than continuing to follow the market flow correctly and wisely and not panicking when there is a downturn. So the price issue is a very absolute issue and is not worthy of being considered a drama because it is not regulated by someone.

[Alpha Marine]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

It's no more a loan when it won't be repaired, is it?
Banks can't give out loans if they don't make a profit from the loan because the money they use to give out the loans are other customer's money. So how do you expect that to give out other people's money just like that?
This is not feasible at all. The banks would cease to exist.

Now if the government starts giving out money, it would only increase inflation, thereby reducing the purchasing power of people.
Don't forget that interest rate is one of the tools the government uses to fight inflation.

Decreasing the volume of dollars printed will reduce inflation thereby making the money have more value and being able to afford more stuff. This has increased the purchasing power.
Doing the opposite leads to inflation and reduces purchasing power.

[wajik-tempe]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

It does not make sense, because it is totally against the order of things and will ruin a lot of things if things are done that way. Issuing free money to people will not make people more prosperous or put them in a better financial position. Money given freely without conditions has a high chance to be squandered, and if people know that taking loans come without conditions and no responsibility to pay back, people will keep taking loans and using this money on unimportant things that do not have the potential to make them financially independent. Such an act will promote financial irresponsibility and a sense of entitlement.

Issuing money without payback terms may result in misuse, but what if we focus on giving education and counseling alongside this system? Governments may invest in financial literacy programs that teach individuals how to successfully manage their finances and make good investment decisions. People would be able to create enterprises and explore ideas that they are enthusiastic about.

[so98nn]

The issuance of money without interest rate? Wow, that is going to create a hell lot of problems with the economy. The entire system runs on the interest since if we keep printing more money (out of thin air) then its gonna cripple the entire ecosystem and how the money revolves around the market. If that happens then how banks will operate? To keep the businesses running flawlessly every country has their own reserve bank for the country and they would only step in when some bank isn't operating in their norms and not generating enough revenue for the system. Plus this is also helpful in running international trades because if the value of money becomes equal everywhere then it will loose the purpose of it's existence. We would be better off with the traditional methods of exchanging the value like food for clothes, stone for cereals. I don't know from where you got that idea, but its misleading.

[summonerrk]

Decreasing the volume of dollars or other fiat currencies does not increase purchasing power


Cryptocurrencies, especially memes, have a much larger supply than dollar and other fiat currencies, If a person's purchasing power is to increase, more and more dollars and other fiat currencies need to be printed, The gold supply theory and the petrodollar theory in printing dollars must be completely eliminated, Because economically, these ideas of making the society prosperous are baseless, Similarly, increasing productivity to lead to economic prosperity is also a baseless theory, Because you need capital to increase production, And to get capital you need loans, And you need more production to pay off the debt, While the population of the world and the needs of the people are not increasing in the proportion in which the production is increasing, Moreover, even if production is increased, people are not prosperous, people do not have money, In all this, banks are only in profit and people are in loss, Because we have completely ignored the fundamental theory of necessity, Which is in addition to gold and production and this is labor, While AI is going to end this too, dollars and fiat currencies should be completely independent, There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

This is a very strong side of bitcoin, its limited amount. For example, the dollar used to be backed by gold, like all serious currencies, but after it was untied from gold, and it is now not secured by anything, the value of the dollar is overestimated. The head of the US Federal Reserve, Bernanke, does not turn off the printing press and now America's strength is in dollars, although in fact it is no different from other currencies. It's just that somehow the US managed to convince the whole world that the dollar is valuable.

Therefore, I believe that every person on earth should have some percentage of bitcoin, because sooner or later at some point the dollar will depreciate bitcoin has been and always will be a valuable cryptocurrency.

[DVlog]

There are many economic theories that believe that interest rates, no matter how low, are harmful to the economy, and therefore loans should be 1:1, and that there is no safe and secure way to generate money from money except through risk, such as trading, trading, and other methods, but given the world we are in and its nature. In the global economic system, this does not happen. We have a system based on interest and on creating money from money and printing more for prosperity, and the person who collects the assets remains the biggest winner.

The problem with paper cash is that there is no maximum cap on printing money. What government does is offer interest to their people so that they deposit their savings in the bank which keeps those funds out of circulation. This should increase the value but what happens is the opposite the government prints more money to pay interest when the interest should be paid from the profits government made from the loan they took from the bank.

Paper cash based monetary system can keep an economy stable by manually increasing or decreasing the money supply but government has only interest in increasing it so money gradually loses its value over time.

[Unbunplease]

The problem with paper cash is that there is no maximum cap on printing money. What government does is offer interest to their people so that they deposit their savings in the bank which keeps those funds out of circulation. This should increase the value but what happens is the opposite the government prints more money to pay interest when the interest should be paid from the profits government made from the loan they took from the bank.

Paper cash based monetary system can keep an economy stable by manually increasing or decreasing the money supply but government has only interest in increasing it so money gradually loses its value over time.

No one knows how much gold is actually in the vault. Maybe the real gold is only on top and the rest is fake? There is no way to verify that. It is also impossible to check how much paper money is in circulation. Therefore, it is difficult to draw conclusions about the money supply in circulation

[Dr.Bitcoin_Strange]

Firstly, the devaluation of dollar or fiat money is known to have been caused by excessive printed money, because if there is no excessive money in circulation, there will always be an increase in value. Scarcity of something can cause the thing to gain more value, and that's to say that  excessive printed money also has a part to play in reducing the purchasing power of the money, again, inflation has its part to play.

Even if money is not excessively printed, there would still be an increase in production because the government would always have a solution to combat scarcity rather than printing more money as the best solution. Well, while considering the production process, with the current situation of how the value of some local currency has dropped, do you also consider that there are staff or employees in that company who receive salaries, and the salary they receive would still not be worth any good amount of items in the market? As such, it also becomes difficult to cope in such an economic situation. If the money gained some value, everyone would always be at an advantage.

[serjent05]

As much as I love to witness banks and centralized financing company give away money I believe @OP's thought is flawed.  No one will give a free loan even even the government charges taxes when they don't make any effort to deserve such money.

I also don't know where @OP gets the theory of increasing the purchasing power by printing more money.  We all know that printing more paper money will saturate the market which makes the value of the paper money plummet.  This is one of the problems of the US government today, if all the dollars held by other countries is to return to the US government stash, inflation is inevitable, and the dollar devaluation will happen making the purchasing power of the US dollar weaker.

[panganib999]

Decreasing the volume of dollars or other fiat currencies does not increase purchasing power


Cryptocurrencies, especially memes, have a much larger supply than dollar and other fiat currencies, If a person's purchasing power is to increase, more and more dollars and other fiat currencies need to be printed, The gold supply theory and the petrodollar theory in printing dollars must be completely eliminated, Because economically, these ideas of making the society prosperous are baseless, Similarly, increasing productivity to lead to economic prosperity is also a baseless theory, Because you need capital to increase production, And to get capital you need loans, And you need more production to pay off the debt, While the population of the world and the needs of the people are not increasing in the proportion in which the production is increasing, Moreover, even if production is increased, people are not prosperous, people do not have money, In all this, banks are only in profit and people are in loss, Because we have completely ignored the fundamental theory of necessity, Which is in addition to gold and production and this is labor, While AI is going to end this too, dollars and fiat currencies should be completely independent, There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

This is idk, borderline stupid?

You think of purchasing power as the capability of an average functioning member of the society to use money and finance himself until he dies, while in economics purchasing power is the real value of the money that you have. Having banks relinquish their requirements for accepting loan applications, as well as having the government forgive all loans and interests are going to do more harm than good. Just imagine how much inflation would skyrocket if the government just printed money for people to use and allowed every loan on everyone's name to be forgiven, might as well ditch currencies by that point and give out goods for free cause it's not going to be of much use anyway.

[suzanne5223]

Decreasing the volume of dollars or other fiat currencies does not increase purchasing power

Yes, you're right because what will increase the purchasing power of the dollar or other fiat coin has to do with the country's economy (inflation level), monetary policies, price of goods, and services, and of course the decrease in the fiat currency.

Cryptocurrencies, especially memes, have a much larger supply than dollar and other fiat currencies, If a person's purchasing power is to increase, more and more dollars and other fiat currencies need to be printed.

No.  First, you can't compare crypto with fiat currency.
The meme coin unreasonable is one of the things that affected the token price in the market.
The government printing more fiat without proper planning and control will only lead to inflation because it's not the solution or what impact people's increase in purchasing power.
The government printing of more money is a way to steal from us. They printed new fiat based on the loan requested by the trillionaire, billionaire, etc. That's why the provide the rich people tax free loan and is the reason why the government never taxed the rich people the way they ought to tax them.

[taufik123]

-snip-
No one will give a free loan even even the government charges taxes when they don't make any effort to deserve such money.

If you want to get a loan, of course, there will be commensurate collateral.
Of course, there will be no one who wants to lend money for free without any collateral that can give them trust.
The point is that a guarantee will be a benchmark for how much can be borrowed.

I also don't know where @OP gets the theory of increasing the purchasing power by printing more money.  We all know that printing more paper money will saturate the market which makes the value of the paper money plummet.  This is one of the problems of the US government today, if all the dollars held by other countries is to return to the US government stash, inflation is inevitable, and the dollar devaluation will happen making the purchasing power of the US dollar weaker.

The theory of printing more and more money is a theory thought up by children who still do not understand how the financial system in this country works.
Inflation would be a cruel catastrophe if it happened, America is making it its own problem to always print dollars.

Look at Zimbabwe, they print too much money.
Zimbabwe has experienced hyperinflation of up to 231 million percent due to the Reserve Bank of Zimbabwe (RBZ)
printing money regularly to fund the country's budget deficit.

[shinratensei_]

There are many economic theories that believe that interest rates, no matter how low, are harmful to the economy, and therefore loans should be 1:1, and that there is no safe and secure way to generate money from money except through risk, such as trading, trading, and other methods, but given the world we are in and its nature. In the global economic system, this does not happen. We have a system based on interest and on creating money from money and printing more for prosperity, and the person who collects the assets remains the biggest winner.

the reason there should be interest because if loan have no interest then why giving loan in the first place, thats quite literally the motiviation as to why there are people that willing to deposit their money in the first place, because they want to grow their money out of their money, thats just how it is.
because otherwise the economy will not be as fast as it is these days, personally i dont have problem with this.
so long this economy works its fine in my perspective.

[bitterguy28]

Increasing the volume of fiat currencies for consumption of scarce goods and services would make the prices of the goods and services to go up and reduce purchasing power especially for previous holders of the Fiat currencies.
 


Increasing purchasing power by printing more will only end up debasing a fiat currency, asssuming it's printed for just the consumption of scarce goods and services.

Well said. Your statement is 100% correct that increasing the money supply by printing more currency can indeed lead to devaluation and reduced purchasing power. of fiat currency, and unfortunately this is what is happening globally. The best way to create wealth is based on something real like hard work or something valuable you own. It is crucial to increase agricultural and industrial production to create new job opportunities and enhance the prosperity of the population.

it has been proven in African Country and even in latin America that so much printing of Money made their country in so much dumping now ,  why need to increase the Paper money when the value will subside in lowest form?
it will devaluate the Fiat and what comes next? the economy will fall badly and in the end?people will suffer and not the government .

[avp2306]

Increasing the volume of fiat currencies for consumption of scarce goods and services would make the prices of the goods and services to go up and reduce purchasing power especially for previous holders of the Fiat currencies.
 


Increasing purchasing power by printing more will only end up debasing a fiat currency, asssuming it's printed for just the consumption of scarce goods and services.

Well said. Your statement is 100% correct that increasing the money supply by printing more currency can indeed lead to devaluation and reduced purchasing power. of fiat currency, and unfortunately this is what is happening globally. The best way to create wealth is based on something real like hard work or something valuable you own. It is crucial to increase agricultural and industrial production to create new job opportunities and enhance the prosperity of the population.

it has been proven in African Country and even in latin America that so much printing of Money made their country in so much dumping now ,  why need to increase the Paper money when the value will subside in lowest form?
it will devaluate the Fiat and what comes next? the economy will fall badly and in the end?people will suffer and not the government .

They underestimate the devaluation that might happen to their currency and think about that they can escape this that's why maybe they proceed to do that actions. If they continue to print more money and increase the volume in circulation then maybe what happen to Venezuela might gonna happen to this countries. They should learn from this country since they suffer from hyperinflation and that creates big trouble to their country if this they will not think wisely on their decision making.

Instead of think that way maybe they should find ways to increase their products yield and start to export it since maybe this could help their economy to rise up and the value of their fiat will be sustainable. Although its really hard to make this plan happen but if the leaders of that country have political will or a visionary for sure it can possibly happen. But to bad at the moment since the common scene we see is rampant corruption that's why its hard for a country to get up on worse situation it facing on.

[Cookdata]

Decreasing the volume of dollars or other fiat currencies does not increase purchasing power


Cryptocurrencies, especially memes, have a much larger supply than dollar and other fiat currencies, If a person's purchasing power is to increase, more and more dollars and other fiat currencies need to be printed, The gold supply theory and the petrodollar theory in printing dollars must be completely eliminated, Because economically, these ideas of making the society prosperous are baseless, Similarly, increasing productivity to lead to economic prosperity is also a baseless theory, Because you need capital to increase production, And to get capital you need loans, And you need more production to pay off the debt, While the population of the world and the needs of the people are not increasing in the proportion in which the production is increasing, Moreover, even if production is increased, people are not prosperous, people do not have money, In all this, banks are only in profit and people are in loss, Because we have completely ignored the fundamental theory of necessity, Which is in addition to gold and production and this is labor, While AI is going to end this too, dollars and fiat currencies should be completely independent, There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

Basically in a perfect system and ideal situation, there is difference between demand and supply, inflation and deflation and purchasing power.

To increase the purchasing power of a currency, you must make sure inflation is reduced to nearly minimum and how do you do that, you make sure that the dollar in circulation is not in excess, the supply should be slightly lower than demand, that's how you make the economy better. On the other hand, what the central banks do is the opposite of what the economy says. They inject and pump the dollar into the economy, as a result increase inflation which later reduce the purchasing power of their currencies.

Meme on the other hand are just different concept entirely, they make people believe that making a coin deflationary through burning in smart contract will reduce the supply and will increase the demand which will consequently increase the price but that's all lies and lies. It doesn't work, what more can expect from people that have 40% of the total circulation to a single entity, it will never work that way because it seems we are only deceiving each other every day with shitcoins concepts of pump and dumps.

[Jawhead999]

the reason there should be interest because if loan have no interest then why giving loan in the first place, thats quite literally the motiviation as to why there are people that willing to deposit their money in the first place, because they want to grow their money out of their money, thats just how it is.
because otherwise the economy will not be as fast as it is these days, personally i dont have problem with this.
so long this economy works its fine in my perspective.

Most of the case when someone is willing to give a loan without interest is they help their close relative which is related to social terms.

But in this thread we're talking about money terms, so I have to agree with you it's impossible a stranger e.g. centralized entity want to give a loan to other people when they can use that money for the other thing which give an opportunity to earn more money.

[Gozie51]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

I think I get the point here and truly that is what will increase purchasing power and who does the purchasing? Is the people. So giving them access to unrepayable interest free credit will ensure businesses are built, SME growth, employment of labour etc and this will naturally reengineer the fabrics of the economy including increase in GDP and improved standard of living. I think government should therefore work out modalities to grant credit to masses though with ways to ensure such loans are returned after a long stipulated time and some other unrefundable financial assistance too.

[Wind_FURY]

Decreasing the volume of dollars or other fiat currencies does not increase purchasing power

Actually, that's wrong. When the Federal Reserve or another Central Banking entity removes money from circulation, prices of assets, goods and services go down, making the purchasing power of fiat per unit go up. Essentially if deflation is actually happening, the value of goods and services today will be worth less tomorrow, then therefore making you buy more for the same amount of that money today.

[rat03gopoh]

Cryptocurrencies, especially memes,

Bro, fiat represents a country's economy, not a company.
Memecoins were created without any basis, and to increase their purchasing power they can do crazy things like burning half the supply. of course you know that.
Increasing supply or withdrawing fiat from circulation isn't just a matter of increasing purchasing power, it has gone through various complex evaluations and decisions.

[Bushdark]

Cryptocurrencies, especially memes,

Bro, fiat represents a country's economy, not a company.
Memecoins were created without any basis, and to increase their purchasing power they can do crazy things like burning half the supply. of course you know that.
Increasing supply or withdrawing fiat from circulation isn't just a matter of increasing purchasing power, it has gone through various complex evaluations and decisions.

Some of the things that many projects does it to burn there tokens to increase the purchasing power. If they don't burning the value of there token would not increase and that is why we keep seeing meme coins and other POS project burning there tokens to increase the purchasing power and it value. There are many ways to give value to a project which include marketing and having a strong community backing it with liquidity significantly. Project team are always looking for different ways to increase the purchasing power of there token to attract more customers.

[arallmuus]

Basically in a perfect system and ideal situation, there is difference between demand and supply, inflation and deflation and purchasing power.

To increase the purchasing power of a currency, you must make sure inflation is reduced to nearly minimum and how do you do that, you make sure that the dollar in circulation is not in excess, the supply should be slightly lower than demand, that's how you make the economy better. On the other hand, what the central banks do is the opposite of what the economy says. They inject and pump the dollar into the economy, as a result increase inflation which later reduce the purchasing power of their currencies.

There are no such thing as perfect and ideal situation for any country's economy. Even if government managed to control all those internal factor on inflation, there is always some external factor to consider which could affect inflation. As a matter of fact, you can always consider inflation is some sort of government's tool to control the whole economic situation because they can always put more fiat into circulation then use up another tricks up their sleeve to reduce some of its circulation later on

Obviously this is going to tarnish their reputation on how they deal with inflation but considering how bad all these governments are, I dont think most of them are even worried with their reputation

[South Park]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

So you suggest that the banks/government should simply start giving away money to the people for free, without any interest rates, requirements for repayment and collaterals? The inflation is going to hit absurd levels, if such thing happens.
Are you trying to invent a new economic theory or something? All the people are complaining about fiat currency devaluation and decreasing purchasing power and yet you suggest the governments to print more money and give them away to the people, which will lead to more currency devaluation and lower purchasing power. This doesn't make any sense.
I'm waiting for a politician to promise something like this. He will be elected for sure.
"Let's shower the people with newly printed helicopter money. Everyone will become a millionaire and the inflation won't hit 100000%. I promise."

I have heard this argument before from people that have no knowledge at all about the economy, they argue that if the government gave one million dollars to everyone then everyone will be a millionaire and live with opulence, they do not understand that currencies themselves do not generate value, they are just a representation of value, what matters are the goods that are produced and at what cost, and if everyone received a million dollars, that million dollars could probably not buy you a six pack of beer.

[Cookdata]

Basically in a perfect system and ideal situation, there is difference between demand and supply, inflation and deflation and purchasing power.

To increase the purchasing power of a currency, you must make sure inflation is reduced to nearly minimum and how do you do that, you make sure that the dollar in circulation is not in excess, the supply should be slightly lower than demand, that's how you make the economy better. On the other hand, what the central banks do is the opposite of what the economy says. They inject and pump the dollar into the economy, as a result increase inflation which later reduce the purchasing power of their currencies.

There are no such thing as perfect and ideal situation for any country's economy. Even if government managed to control all those internal factor on inflation, there is always some external factor to consider which could affect inflation. As a matter of fact, you can always consider inflation is some sort of government's tool to control the whole economic situation because they can always put more fiat into circulation then use up another tricks up their sleeve to reduce some of its circulation later on

Obviously this is going to tarnish their reputation on how they deal with inflation but considering how bad all these governments are, I dont think most of them are even worried with their reputation

When I said an ideal and perfect situation, you should know that I was referring to economic on paper, that is what I was trying to describe to OP, the theory to understand. If you are in a science class and you want to understand the behavior of a Gas, it's best study in an ideal situation because that's the best form you can understand it like when they neglect some properties like pressure, temperature and others.

If at all the theoretical aspect of economy does work, I don't think we will ever be in this mess, everything is going to move like how it was been written but again, life is not a perfect system because we are human that are bound to error and mistakes, there are some conditions that are just beyond us that can't be control even if you yield the power to change everything in a day, it will never be perfect.

Another thing is inflation is here to stay, when you give a solution to anything, in the process you create a problem and one that economist create when they define money system is inflation. As long the central banks(FED) print money out of nothing, inflation will always be there.

[poodle63]

I have heard this argument before from people that have no knowledge at all about the economy, they argue that if the government gave one million dollars to everyone then everyone will be a millionaire and live with opulence, they do not understand that currencies themselves do not generate value, they are just a representation of value, what matters are the goods that are produced and at what cost, and if everyone received a million dollars, that million dollars could probably not buy you a six pack of beer.

thats true make everyone a millionaire then that million would have no value, its silly but many actually believe such thing could bring wealth towards them which isn't true at all.
giving out money never a solution, instead its a way of destroying your own economy if the money given was too much.
nobody would trust money that gets printed out of nowhere, because after all if the government keeps printing, why even bother owning the money, there's too much supply meaning that money have no value at all better keeping commodity since its truly what these money represented to be but if money keeps getting printed, it means it fails as a money that keep its value.

[crwth]

What do you mean by larger supply? Because of its enormous possible amount that can be in the market? That's definitely true but you need it to have value if you want it to be used. Imagine doing something that would make you lose more money, investing in such coins/memes unless you are willing to lose it.

Anyway, the bolded text that you have, labor wouldn't be that fast in replaced by AI. There are a lot of industries that would need manpower. For the part where you repay loans and interest, you still need to because someone borrowed it. It's pretty basic. Wasn't this taught when people were young?

[Xampeuu]

I have heard this argument before from people that have no knowledge at all about the economy, they argue that if the government gave one million dollars to everyone then everyone will be a millionaire and live with opulence, they do not understand that currencies themselves do not generate value, they are just a representation of value, what matters are the goods that are produced and at what cost, and if everyone received a million dollars, that million dollars could probably not buy you a six pack of beer.

thats true make everyone a millionaire then that million would have no value, its silly but many actually believe such thing could bring wealth towards them which isn't true at all.
giving out money never a solution, instead its a way of destroying your own economy if the money given was too much.
nobody would trust money that gets printed out of nowhere, because after all if the government keeps printing, why even bother owning the money, there's too much supply meaning that money have no value at all better keeping commodity since its truly what these money represented to be but if money keeps getting printed, it means it fails as a money that keep its value.

if money has no value it is the same as having no money. the most important thing is to have money and have its value, that way you can live a prosperous life. the most difficult thing is maintaining the value of money where many factors influence it, not just printing more money, that is not a good solution for creating prosperity, even if you have a lot of money if it is not valuable, it will be the same

[BRINIRHA]

All we need is economic stability. Or in other words, it is reasonable inflation control. I think that before the Covid-19 pandemic came, the global economy was actually about to move towards fairly good economic stability. But unfortunately the Pandemic came and destroyed the economic order that had been built. This makes all governments print more money to distribute to the public so that the economy continues to run as it should. But because people cannot freely carry out their activities, we see that there is an increase in the volume of online transactions and even high risk investment sectors such as crypto are also flooded with large inflows of money which makes the market excited. The gaming industry is also increasing rapidly. But after the pandemic was over, the real problem emerged, namely high inflation which hit almost all countries. Excess currency circulation really causes prices to spike. plus reduced production of goods needed due to many factories closing. And there has been an economic crisis for quite a long time now. to combat inflation and slowly withdraw excess currency in circulation is by increasing bank interest rates. yeah it worked. But the impact is a recession. That is, people's purchasing power is starting to decline. To be honest, I'm still confused about what solutions world governments can take to overcome the current global economic crisis. But I am sure that we are slowly moving towards a better economy.

[Joshapat]

When I learned about micro and macro economics at school and specifically about money and its circulation, of course the state must have gold reserves to guarantee fiat, when gold reserves are abundant then the state has the power to print more money so that it can make the people more prosperous.

[Gozie51]

When I learned about micro and macro economics at school and specifically about money and its circulation, of course the state must have gold reserves to guarantee fiat, when gold reserves are abundant then the state has the power to print more money so that it can make the people more prosperous.

What proof do you have about that, I understand that gold reserve is important to know how rich and influential a country is and fortified the economy is like US for example with the highest gold reserve in the world. But does that mean that any other country that has no gold reserve won't print there fiat like we know some countries don't and yet they print money and exist as a sovereign nation. So what is the proof of your idea.

[Unbunplease]

thats true make everyone a millionaire then that million would have no value, its silly but many actually believe such thing could bring wealth towards them which isn't true at all.
giving out money never a solution, instead its a way of destroying your own economy if the money given was too much.
nobody would trust money that gets printed out of nowhere, because after all if the government keeps printing, why even bother owning the money, there's too much supply meaning that money have no value at all better keeping commodity since its truly what these money represented to be but if money keeps getting printed, it means it fails as a money that keep its value.

No one knows for sure whether the money supply that has already been printed has any real collateral. Yes, the government will claim that everything is fine, but these are just statements. So maybe a lot of unsecured money has already been distributed, who knows?

[icalical]

thats true make everyone a millionaire then that million would have no value, its silly but many actually believe such thing could bring wealth towards them which isn't true at all.
giving out money never a solution, instead its a way of destroying your own economy if the money given was too much.
nobody would trust money that gets printed out of nowhere, because after all if the government keeps printing, why even bother owning the money, there's too much supply meaning that money have no value at all better keeping commodity since its truly what these money represented to be but if money keeps getting printed, it means it fails as a money that keep its value.

No one knows for sure whether the money supply that has already been printed has any real collateral. Yes, the government will claim that everything is fine, but these are just statements. So maybe a lot of unsecured money has already been distributed, who knows?

Eventho I tend to agree that most governments lie in many things and all they do is enriching themselves. I wouldn't think that they are carelessly printing money that will devalue their own currency, their currency is one of the biggest bargaining power in the global politic, devaluing their own currency will not do any good for them.

[sana54210]

Basically in a perfect system and ideal situation, there is difference between demand and supply, inflation and deflation and purchasing power.

To increase the purchasing power of a currency, you must make sure inflation is reduced to nearly minimum and how do you do that, you make sure that the dollar in circulation is not in excess, the supply should be slightly lower than demand, that's how you make the economy better. On the other hand, what the central banks do is the opposite of what the economy says. They inject and pump the dollar into the economy, as a result increase inflation which later reduce the purchasing power of their currencies.

Meme on the other hand are just different concept entirely, they make people believe that making a coin deflationary through burning in smart contract will reduce the supply and will increase the demand which will consequently increase the price but that's all lies and lies. It doesn't work, what more can expect from people that have 40% of the total circulation to a single entity, it will never work that way because it seems we are only deceiving each other every day with shitcoins concepts of pump and dumps.

This is why they increased the interest rates as well, and they will lower it small by small in the future to release it more. They printed a lot, and that caused inflation, so by increasing the interest rate, that would mean more people would put their money in the banks instead of letting it be in the market, the more money in the banks would mean that there would be less money in the circulation, and that makes the inflation go down.

After all of that is done, they could lower the interest and make sure that it is slow enough to not cause inflation and should be fine. I know that this will take some time and they can't do it overnight, but that is the path they are going to take and will end up with something nice. I hope that we could see it reach back to what it was, not saying we need lower than 2% interest rate, that is just not possible, but something lower than what we have right now to make sure that people use loans to grow and make the economy better is very much needed right now.

[lixer]

Cryptocurrencies, especially memes,

Bro, fiat represents a country's economy, not a company.
Memecoins were created without any basis, and to increase their purchasing power they can do crazy things like burning half the supply. of course you know that.
Increasing supply or withdrawing fiat from circulation isn't just a matter of increasing purchasing power, it has gone through various complex evaluations and decisions.

Some of the things that many projects does it to burn there tokens to increase the purchasing power. If they don't burning the value of there token would not increase and that is why we keep seeing meme coins and other POS project burning there tokens to increase the purchasing power and it value. There are many ways to give value to a project which include marketing and having a strong community backing it with liquidity significantly. Project team are always looking for different ways to increase the purchasing power of there token to attract more customers.

The amount of tokens that these projects, especially meme coins, burn is insignificant to actually make a difference for the value of the token because they generally have extremely large supplies which makes it difficult for the creators to actually burn enough coins to reflect the effects on the price. So, investors of these projects shouldn't really have very high hopes if the creators say that they are going to burn tokens because those burns will not reduce a very large percentage of the total supply.

If we want to show an example of that, we can see LUNC (Luna Classic), the developers tried their best to burn as many coins as possible to revive the coin and make it gain at least some value back after the crash and everything, but look at the price, there is almost no change in the price after so many tokens being burned.

[harapan]

Decreasing the volume of dollars or other fiat currencies does not increase purchasing power


Cryptocurrencies, especially memes, have a much larger supply than dollar and other fiat currencies, If a person's purchasing power is to increase, more and more dollars and other fiat currencies need to be printed, The gold supply theory and the petrodollar theory in printing dollars must be completely eliminated, Because economically, these ideas of making the society prosperous are baseless, Similarly, increasing productivity to lead to economic prosperity is also a baseless theory, Because you need capital to increase production, And to get capital you need loans, And you need more production to pay off the debt, While the population of the world and the needs of the people are not increasing in the proportion in which the production is increasing, Moreover, even if production is increased, people are not prosperous, people do not have money, In all this, banks are only in profit and people are in loss, Because we have completely ignored the fundamental theory of necessity, Which is in addition to gold and production and this is labor, While AI is going to end this too, dollars and fiat currencies should be completely independent, There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

All this are getting someone all worked out, but clearly we know that the government runs almost every aspect of the economy but their indulgence in  these doesn't stop the  development  of cryptocurrencies .
The more they raise down  the volume,the more higher the volume will become.

Let's look at the economy sector,its a large space for cultivating every demands but an individual should be conversant with all of that rather than being indempted to the governments.

[slapper]

Basically in a perfect system and ideal situation, there is difference between demand and supply, inflation and deflation and purchasing power.

To increase the purchasing power of a currency, you must make sure inflation is reduced to nearly minimum and how do you do that, you make sure that the dollar in circulation is not in excess, the supply should be slightly lower than demand, that's how you make the economy better. On the other hand, what the central banks do is the opposite of what the economy says. They inject and pump the dollar into the economy, as a result increase inflation which later reduce the purchasing power of their currencies.

Meme on the other hand are just different concept entirely, they make people believe that making a coin deflationary through burning in smart contract will reduce the supply and will increase the demand which will consequently increase the price but that's all lies and lies. It doesn't work, what more can expect from people that have 40% of the total circulation to a single entity, it will never work that way because it seems we are only deceiving each other every day with shitcoins concepts of pump and dumps.

This is why they increased the interest rates as well, and they will lower it small by small in the future to release it more. They printed a lot, and that caused inflation, so by increasing the interest rate, that would mean more people would put their money in the banks instead of letting it be in the market, the more money in the banks would mean that there would be less money in the circulation, and that makes the inflation go down.

After all of that is done, they could lower the interest and make sure that it is slow enough to not cause inflation and should be fine. I know that this will take some time and they can't do it overnight, but that is the path they are going to take and will end up with something nice. I hope that we could see it reach back to what it was, not saying we need lower than 2% interest rate, that is just not possible, but something lower than what we have right now to make sure that people use loans to grow and make the economy better is very much needed right now.

Interest rates, inflation, and money supply are all intertwined in this complex dance of economics. When they print more money, inflation goes up, up, up! And you're right, by increasing the interest rates, they're trying to pull money back into the banks. It's like a magnet, attracting money away from the market and into those bank vaults. The less money circulating, the less inflation we see. It's all connected, all connected...

It's a difficult balance right now when it comes to decreasing interest rates in the future. They can't just drop it like it's hot! They must exercise extreme caution. Slow and steady wins the race here. We don't want to bring about another increase in inflation, do we? No, no, no! I agree with you that we shouldn't return to those absurdly low rates, but rather should go for something more controllable and sensible. We want people to borrow money, make investments, and expand the economy. All of it revolves on growth! Hope they make the correct decision and steer the ship in the right way. We need it, the economy needs it

[Bananington]

Decreasing the volume of dollars or other fiat currencies does not increase purchasing power


Cryptocurrencies, especially memes, have a much larger supply than dollar and other fiat currencies, If a person's purchasing power is to increase, more and more dollars and other fiat currencies need to be printed, The gold supply theory and the petrodollar theory in printing dollars must be completely eliminated, Because economically, these ideas of making the society prosperous are baseless, Similarly, increasing productivity to lead to economic prosperity is also a baseless theory, Because you need capital to increase production, And to get capital you need loans, And you need more production to pay off the debt, While the population of the world and the needs of the people are not increasing in the proportion in which the production is increasing, Moreover, even if production is increased, people are not prosperous, people do not have money, In all this, banks are only in profit and people are in loss, Because we have completely ignored the fundamental theory of necessity, Which is in addition to gold and production and this is labor, While AI is going to end this too, dollars and fiat currencies should be completely independent, There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

All this are getting someone all worked out, but clearly we know that the government runs almost every aspect of the economy but their indulgence in  these doesn't stop the  development  of cryptocurrencies .
The more they raise down  the volume,the more higher the volume will become.

Let's look at the economy sector,its a large space for cultivating every demands but an individual should be conversant with all of that rather than being indempted to the governments.

I think most of the monetary policies set in place as regards any individual getting loans without interest is restricted to some elite few that have become familiar with how money moves. The reality is that there isn't any money. An individual will have to find a way to make more money with money, that's one rule in this life that even the rich can't escape from. The interest these days have made loans to be paid quite difficult to pay back, but one thing I learnt from someone is to first payback the interest of any loan taken, before the main loan is to be settled in total.

[Patrol69]

The dollar is considered as an international currency that is why an increase or decrease in the value of the dollar in a country can lead to an economic recession in the country. If all the countries of the world refuse to accept the dollar as the world currency, the US economy will suffer greatly. We may wonder why the government of a country doesn't print extra currency if it has an economic crisis. According to World Bank rules, a country can print a certain amount of money every year. Instead of relying on printing more currency we have to think about how to increase production.

[taufik123]

-snip-
The interest these days have made loans to be paid quite difficult to pay back, but one thing I learnt from someone is to first payback the interest of any loan taken, before the main loan is to be settled in total.

Make more money using money.
That's the way investors or people who already understand how money works and how to make profits faster do it.

If we're talking about borrowed money, that's a pretty long shot.
Because the amount of interest on each loan depends on who is lending it.
Too much interest will put pressure on the borrower so that the total amount to be returned looks bigger.

Many unscrupulous moneylenders use loans as a quick profit field, saying that the interest rate is low,
but the service fees applied and penalties when paying late will be greater. Not worth the amount of money borrowed.

It is better to avoid debt if you do not have an urgent need or do not understand how the mechanism works.

[jaberwock]

There are many economic theories that believe that interest rates, no matter how low, are harmful to the economy, and therefore loans should be 1:1, and that there is no safe and secure way to generate money from money except through risk, such as trading, trading, and other methods, but given the world we are in and its nature. In the global economic system, this does not happen. We have a system based on interest and on creating money from money and printing more for prosperity, and the person who collects the assets remains the biggest winner.

The problem with paper cash is that there is no maximum cap on printing money. What government does is offer interest to their people so that they deposit their savings in the bank which keeps those funds out of circulation. This should increase the value but what happens is the opposite the government prints more money to pay interest when the interest should be paid from the profits government made from the loan they took from the bank.

Paper cash based monetary system can keep an economy stable by manually increasing or decreasing the money supply but government has only interest in increasing it so money gradually loses its value over time.

Maybe not all governments are that greedy. And have you noticed, some currencies are still high in value when compared to others? IDK if what you are saying is true that printing money has no cap, because there might be and we only don't know it. And even if it doesn't, many banks doesn't print too much of it because they also know the consequences of doing so.

I think it's the government are the ones who offers an interest but it was still the banks because this is where we keep our money though maybe they still get an order to them. Depositing money in the bank is only optional and not many are attracted to it because the interest rates offered by them are not that lucrative enough.

[DVlog]

There are many economic theories that believe that interest rates, no matter how low, are harmful to the economy, and therefore loans should be 1:1, and that there is no safe and secure way to generate money from money except through risk, such as trading, trading, and other methods, but given the world we are in and its nature. In the global economic system, this does not happen. We have a system based on interest and on creating money from money and printing more for prosperity, and the person who collects the assets remains the biggest winner.

The problem with paper cash is that there is no maximum cap on printing money. What government does is offer interest to their people so that they deposit their savings in the bank which keeps those funds out of circulation. This should increase the value but what happens is the opposite the government prints more money to pay interest when the interest should be paid from the profits government made from the loan they took from the bank.

Paper cash based monetary system can keep an economy stable by manually increasing or decreasing the money supply but government has only interest in increasing it so money gradually loses its value over time.

Maybe not all governments are that greedy. And have you noticed, some currencies are still high in value when compared to others? IDK if what you are saying is true that printing money has no cap, because there might be and we only don't know it. And even if it doesn't, many banks doesn't print too much of it because they also know the consequences of doing so.

I think it's the government are the ones who offers an interest but it was still the banks because this is where we keep our money though maybe they still get an order to them. Depositing money in the bank is only optional and not many are attracted to it because the interest rates offered by them are not that lucrative enough.

I am glad that you have an interest in finance but I am sorry that your knowledge about finance is not strong.

All the governments are greedy otherwise they won't price paper cash without any assets to back them. The basic principle of paper cash is that for every $1 paper bill there is $1 worth of assets in the central bank. So the ratio of paper cash to assets in reserve should be 1:1. Paper cash emerges with these promises but this doesn't happen. Because the government is in control and the general public can not verify the money supply, they print an unlimited amount of money which causes the devaluation of the currencies. Governmnet government prints money and the central bank distributes that money to other banks to circulate it in the open market. This is how new cash comes into circulation.

[slapper]

There are many economic theories that believe that interest rates, no matter how low, are harmful to the economy, and therefore loans should be 1:1, and that there is no safe and secure way to generate money from money except through risk, such as trading, trading, and other methods, but given the world we are in and its nature. In the global economic system, this does not happen. We have a system based on interest and on creating money from money and printing more for prosperity, and the person who collects the assets remains the biggest winner.

The problem with paper cash is that there is no maximum cap on printing money. What government does is offer interest to their people so that they deposit their savings in the bank which keeps those funds out of circulation. This should increase the value but what happens is the opposite the government prints more money to pay interest when the interest should be paid from the profits government made from the loan they took from the bank.

Paper cash based monetary system can keep an economy stable by manually increasing or decreasing the money supply but government has only interest in increasing it so money gradually loses its value over time.

Maybe not all governments are that greedy. And have you noticed, some currencies are still high in value when compared to others? IDK if what you are saying is true that printing money has no cap, because there might be and we only don't know it. And even if it doesn't, many banks doesn't print too much of it because they also know the consequences of doing so.

I think it's the government are the ones who offers an interest but it was still the banks because this is where we keep our money though maybe they still get an order to them. Depositing money in the bank is only optional and not many are attracted to it because the interest rates offered by them are not that lucrative enough.

I am glad that you have an interest in finance but I am sorry that your knowledge about finance is not strong.

All the governments are greedy otherwise they won't price paper cash without any assets to back them. The basic principle of paper cash is that for every $1 paper bill there is $1 worth of assets in the central bank. So the ratio of paper cash to assets in reserve should be 1:1. Paper cash emerges with these promises but this doesn't happen. Because the government is in control and the general public can not verify the money supply, they print an unlimited amount of money which causes the devaluation of the currencies. Governmnet government prints money and the central bank distributes that money to other banks to circulate it in the open market. This is how new cash comes into circulation.

First, I like your finance perspective. Always enjoy talking to enthusiastic folks. Money fascinates me

You're discussing fiat currency, which relies on economic trust and credit rather than tangible goods. For every $1 paper money, the central bank to have $1 in assets is outmoded. Modern economies are past the gold standard and asset-backed systems. Why? Due to flexibility. Governments and central banks can better adapt to economic developments

Yes, governments have the power to print money, but it's not as simple as just printing and causing devaluation. A system, process, and strategy underpin it. Manage inflation, boost growth, and maintain stability. While transparency issues are important, finance is complex, multifaceted, and intricate. It's not just about printing money; it's about managing an entire economy.

[DVlog]

First, I like your finance perspective. Always enjoy talking to enthusiastic folks. Money fascinates me

You're discussing fiat currency, which relies on economic trust and credit rather than tangible goods. For every $1 paper money, the central bank to have $1 in assets is outmoded. Modern economies are past the gold standard and asset-backed systems. Why? Due to flexibility. Governments and central banks can better adapt to economic developments

My take on this was that the emergence of paper cash was based on the principle that for every paper bill bank holds an equivalent amount of assets. You are right it is outmoded now and modern economies have chosen a new standard. This new standard gives government flexibility and control over the economy but this causes the loss of wealth for people with hyperinflation.

Yes, governments have the power to print money, but it's not as simple as just printing and causing devaluation. A system, process, and strategy underpin it. Manage inflation, boost growth, and maintain stability. While transparency issues are important, finance is complex, multifaceted, and intricate. It's not just about printing money; it's about managing an entire economy.

The more the government tries to control the money the worse matters get. The system is not totally crap, what makes things bad is corruption within the management authorities. 

[Antotena]

thats true make everyone a millionaire then that million would have no value, its silly but many actually believe such thing could bring wealth towards them which isn't true at all.
giving out money never a solution, instead its a way of destroying your own economy if the money given was too much.
nobody would trust money that gets printed out of nowhere, because after all if the government keeps printing, why even bother owning the money, there's too much supply meaning that money have no value at all better keeping commodity since its truly what these money represented to be but if money keeps getting printed, it means it fails as a money that keep its value.

No one knows for sure whether the money supply that has already been printed has any real collateral. Yes, the government will claim that everything is fine, but these are just statements. So maybe a lot of unsecured money has already been distributed, who knows?

There is documentation on every money that is requested from government to be printed by the central bank, they can't print not until there is a information from above and before the printing, the government has to provide a collateral or asked for a loan which they can promise to be repaid back.

The government is like a business person to the central bank, they cannot have anything they want from the central Bank except they want the country to be ruin by inflation or hyper inflation. There must be an agreement before any currency are printed.

[odunybiz]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

If you believe that loans should not be repaid, then what is the reason to work or start a business (produce goods) when I can take out a loan for a house, car and everyday expenses and not pay it back for the duration of my life?

Money loses value over time, which is why loans carry interest. Moreover, money is a product. You pay for renting a car and also for renting skis, so why should renting capital be free (zero interest)?

This is where I'm confused. I wonder why loans won't be paid back. It isn't a gift, it called loan which really means there is an agreement to pay back with a period of time.

[shinratensei_]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

If you believe that loans should not be repaid, then what is the reason to work or start a business (produce goods) when I can take out a loan for a house, car and everyday expenses and not pay it back for the duration of my life?

Money loses value over time, which is why loans carry interest. Moreover, money is a product. You pay for renting a car and also for renting skis, so why should renting capital be free (zero interest)?

This is where I'm confused. I wonder why loans won't be paid back. It isn't a gift, it called loan which really means there is an agreement to pay back with a period of time.

seems really unrealistic, even in dreams, people should know that the loan that they repaid back will be loaned out to someone else for the sake of giving them opportunity to grow their business if its a productive loan that they took.
if government normalize not paying loan back be ready to get massive inflation that instead gonna destroy whole economy.
thats why when thinking about thing like this, it requires comprehensive thinking first about what things needs to be considered, it reminds me of those people that saying we can just print money to pay off the debt for a country, that in itself silly idea.

[ancafe]

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

I really wanted to highlight the bold words you created and this feels annoying to me when I see several cases that occur in the country where I live. Banks are a government product and they apply interest rates not only to loans given to the public, but they also charge administrative fees to people who use their services. There are many conditions that must be fulfilled when people take out loans for business from banks and what's strange is that their administrative pattern is really chaotic.

An increase in unstable money in circulation can also lead to inflation and this is the reason why it is sometimes very important to stabilize the level of money stability in a country. Without collateral, you will never get a loan from a bank product because they will issue a loan based on the applicable terms and conditions.

[DashingAgent]

You didn't explain it that how it is a destruction of the world? Explain it with examples??
Such concepts are poor concept of economics, Money is needed for production and production for hard work, while after AI there is no need for hard work, only unlimited money is needed.

~snip~

I don't know what you mean. The argument constructed is not clear. The current financial system is (maybe) independent and the one who has financial authority is the central bank. The state does not have full power to intervene in the financial system. Even though they can make policies to regulate money circulation. The more money circulating in society, the state and banks will increase deposit interest so that more people save in banks and the circulation of money in society decreases. If there is too little money in society, banks will lower interest rates so that many people borrow money from banks and there is a lot of money circulating in society.

Then when you say that banks must help people by giving money and debts do not need to be paid then that is the destruction of the world.

[DashingAgent]

To keep the value of the dollar stable, it is necessary to print the same amount of other currencies in comparison, While in this way, the United States wants more inflation in other countries to increase the value of its dollar, due to which people's purchasing power decreases. This concept is not correct and it weakens other economies, This practice needs to end, This is an silly practice, Because the United States only considers fiat as a competitor to its currencies, while a larger market is the bitcoin and cryptocurrency market. If the United States buys Bitcoin and values it against fiat, then inflation will not devalue the US dollar. Rather, it would be hedged against bitcoin and would have the advantage of directly increasing revenue for the United States. While in this way the income of shrinking economies will also increase as their inflation benefits and they can improve their economy by increasing inflation further.

Meme coins may have been produced in larger quantities but meme coins as well as cryptocurrencies cannot beat the dollar when it comes to stability, trust, and value. Now look at the gold supply theory and the petrodollar theory which you have called for to be eliminated. Do you think our fiat currencies would be enjoying its stability if we didn't have these? It was the only option before crypto and even though it needs to be upgraded in my opinion to fit our current world, I don't think it should be eliminated.

[DashingAgent]

Can you explain that if you stop paying the loan, you will no longer need the business, home and car and you will not buy them?
If stopping the loan payments eliminates your need, then the concept is correct, But if you still need these things even if you don't pay the debt, then your theory is wrong, because economics is based on many bogus theories while after AI automation people do not need to do business and work hard.

There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

If you believe that loans should not be repaid, then what is the reason to work or start a business (produce goods) when I can take out a loan for a house, car and everyday expenses and not pay it back for the duration of my life?

Money loses value over time, which is why loans carry interest. Moreover, money is a product. You pay for renting a car and also for renting skis, so why should renting capital be free (zero interest)?

[CageMabok]

You didn't explain it that how it is a destruction of the world? Explain it with examples??
Such concepts are poor concept of economics, Money is needed for production and production for hard work, while after AI there is no need for hard work, only unlimited money is needed.

Perhaps the intended destruction of the world is in the human resources sector, some of which will be neglected by the presence of robots such as AI so that jobs that are usually relied on by human hands will be replaced by robot hands. However, in terms of maintenance of the robot, it may still need to be researched in depth so that companies do not incur excessive costs for the devices they use. And in general, in fact, every production always has to involve money in it because the process is part of the hard work in any company.

[Biznesmen]

Decreasing the volume of dollars or other fiat currencies does not increase purchasing power


Cryptocurrencies, especially memes, have a much larger supply than dollar and other fiat currencies, If a person's purchasing power is to increase, more and more dollars and other fiat currencies need to be printed, The gold supply theory and the petrodollar theory in printing dollars must be completely eliminated, Because economically, these ideas of making the society prosperous are baseless, Similarly, increasing productivity to lead to economic prosperity is also a baseless theory, Because you need capital to increase production, And to get capital you need loans, And you need more production to pay off the debt, While the population of the world and the needs of the people are not increasing in the proportion in which the production is increasing, Moreover, even if production is increased, people are not prosperous, people do not have money, In all this, banks are only in profit and people are in loss, Because we have completely ignored the fundamental theory of necessity, Which is in addition to gold and production and this is labor, While AI is going to end this too, dollars and fiat currencies should be completely independent, There should be no need to repay loans or pay interest, Banks should be fully at the disposal of governments to issue loans to the people without any hindrance, Along with this, there should be no need to pledge any capital to get the loan

I don't know why your questions and concerns look absurd to me; maybe you could use more convenient examples and explanations for your theory. Maybe that could make me understand how to make you understand your absolutely baseless theory. Because just think if it's a free market, without any government or third party interference, how are demand and supply supposed to be balanced? If you're spreading some ideas of your own, you must have answers to these questions. A financial revolution is acceptable when it's more advanced than the existing system and more people-pleasing. And inflation is not an illusion; it needs to be controlled from time to time.

[BitcoinTurk]

There is documentation on every money that is requested from government to be printed by the central bank, they can't print not until there is a information from above and before the printing, the government has to provide a collateral or asked for a loan which they can promise to be repaid back.

The government is like a business person to the central bank, they cannot have anything they want from the central Bank except they want the country to be ruin by inflation or hyper inflation. There must be an agreement before any currency are printed.

Unfortunately, the situation you mentioned isn't valid in today's conditions because all governments continue to print money without collateral citing economic conditions. Especially in the last three years so much money was printed without collateral that unfortunately many countries didn't and cannot show any reserve for these amounts.

Although until a few years ago many countries used gold reserves or a similar collateral to print money, unfortunately, this situation has changed in today's conditions. It has now become known to everyone that all countries print and continue to print money without any reserve or collateral. Unfortunately, the old rules and order are outdated and today this order is being re-formed depending on economic conditions.

[BRINIRHA]

You didn't explain it that how it is a destruction of the world? Explain it with examples??
Such concepts are poor concept of economics, Money is needed for production and production for hard work, while after AI there is no need for hard work, only unlimited money is needed.

Perhaps the intended destruction of the world is in the human resources sector, some of which will be neglected by the presence of robots such as AI so that jobs that are usually relied on by human hands will be replaced by robot hands. However, in terms of maintenance of the robot, it may still need to be researched in depth so that companies do not incur excessive costs for the devices they use. And in general, in fact, every production always has to involve money in it because the process is part of the hard work in any company.

Concerns about this have actually been surfacing since the emergence of AI. But fortunately the current sophistication or level of progress of AI models is still not enough to replace most human jobs. So in the next few years or even decades, I think human hard work will still be needed. The change in profession may occur slowly. but this is the technological progress that we also have to face and humans have to adapt to all of it.

In developed countries, some are still experiencing a crisis of human resources or labor. So sometimes they bring in foreign workers to fill empty positions. But if one day AI and other technologies are more sophisticated than now, perhaps these developed countries will no longer bring in workers from other countries. In fact, currently there are many factories or industries that are operated by robots which can do work that is usually done by humans but have been done by robots and their effectiveness has turned out to be better. So it's not surprising that many people have lost their jobs. And robots that collaborate with AI seem to be more effective and indirectly if we talk about the long term or in the future, it is possible that it will be more difficult for humans to get jobs. I even saw a reporter on a private television in a country who was testing AI to become an announcer. And it looks so realistic. So television presenters must be prepared for this shift.

[Silberman]

Concerns about this have actually been surfacing since the emergence of AI. But fortunately the current sophistication or level of progress of AI models is still not enough to replace most human jobs. So in the next few years or even decades, I think human hard work will still be needed. The change in profession may occur slowly. but this is the technological progress that we also have to face and humans have to adapt to all of it.

In developed countries, some are still experiencing a crisis of human resources or labor. So sometimes they bring in foreign workers to fill empty positions. But if one day AI and other technologies are more sophisticated than now, perhaps these developed countries will no longer bring in workers from other countries. In fact, currently there are many factories or industries that are operated by robots which can do work that is usually done by humans but have been done by robots and their effectiveness has turned out to be better. So it's not surprising that many people have lost their jobs. And robots that collaborate with AI seem to be more effective and indirectly if we talk about the long term or in the future, it is possible that it will be more difficult for humans to get jobs. I even saw a reporter on a private television in a country who was testing AI to become an announcer. And it looks so realistic. So television presenters must be prepared for this shift.

What more and more people are seeing is that the power and the fields in which AI can be applied is increasing at a fast rate, so it will not be long until we reach levels which were not even imagined on since fiction movies, and if that is the case then a lot of people will lose their jobs and there will be no new jobs waiting for them once this happens, this may require that we rethink the current economic model as otherwise those people will have no way to get another job on their lives.

[Promocodeudo]

Even though the government decide to print more money and .make it be in circulation you can't just have it things have to be done for you to get, the loan stuff you said, there is no way loans will not be repaid, it is called we all know what it means, we can talk about the interest, Government should give bank other to vacate the interest attached to loan, but the thing is they do this to enable people to be serious on repayment, my take is, production companies and individuals that are into production should be given special access to loan facility, just imagine when we have more productivity, there will be competition and price of commodities will have no option than to go down on it's own, once the citizen can afford things within the value of their money the problem is solved.

[slapper]

You didn't explain it that how it is a destruction of the world? Explain it with examples??
Such concepts are poor concept of economics, Money is needed for production and production for hard work, while after AI there is no need for hard work, only unlimited money is needed.

Perhaps the intended destruction of the world is in the human resources sector, some of which will be neglected by the presence of robots such as AI so that jobs that are usually relied on by human hands will be replaced by robot hands. However, in terms of maintenance of the robot, it may still need to be researched in depth so that companies do not incur excessive costs for the devices they use. And in general, in fact, every production always has to involve money in it because the process is part of the hard work in any company.

Concerns about this have actually been surfacing since the emergence of AI. But fortunately the current sophistication or level of progress of AI models is still not enough to replace most human jobs. So in the next few years or even decades, I think human hard work will still be needed. The change in profession may occur slowly. but this is the technological progress that we also have to face and humans have to adapt to all of it.

In developed countries, some are still experiencing a crisis of human resources or labor. So sometimes they bring in foreign workers to fill empty positions. But if one day AI and other technologies are more sophisticated than now, perhaps these developed countries will no longer bring in workers from other countries. In fact, currently there are many factories or industries that are operated by robots which can do work that is usually done by humans but have been done by robots and their effectiveness has turned out to be better. So it's not surprising that many people have lost their jobs. And robots that collaborate with AI seem to be more effective and indirectly if we talk about the long term or in the future, it is possible that it will be more difficult for humans to get jobs. I even saw a reporter on a private television in a country who was testing AI to become an announcer. And it looks so realistic. So television presenters must be prepared for this shift.

AI models are not yet advanced enough to replace most human professions. I observe that technology is advancing rapidly. It's exponential and unrelenting. I expect a major transition in the next years or decades. Foreign labour is a temporary fix for the human resource crisis in wealthy nations. As AI and robotics advance, this labour will shrink. Robots are outperforming humans in many areas, as I've seen. When combined with AI, robots are typically unrivalled in efficiency.

AI announcing is a portent of the future. Television hosts and all professionals must prepare for this change. The work market is changing, not merely losing jobs. The future will require a new workforce, and we must prepare for it. We must adapt, reskill, and pivot to positions AI and robotics can't do. It's hard, but I trust human inventiveness and adaptability.