arallmuus
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October 12, 2023, 07:45:32 PM |
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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
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South Park
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October 12, 2023, 07:46:54 PM |
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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. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) "Let's shower the people with newly printed helicopter money. Everyone will become a millionaire and the inflation won't hit 100000%. I promise." ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) 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.
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Cookdata
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October 12, 2023, 08:14:58 PM |
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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.
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poodle63
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October 12, 2023, 11:30:48 PM |
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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.
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crwth
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October 12, 2023, 11:35:16 PM |
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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?
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Xampeuu
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October 13, 2023, 04:20:34 AM |
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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
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BRINIRHA
Sr. Member
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October 13, 2023, 05:23:48 AM |
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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.
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Joshapat
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October 14, 2023, 01:20:43 PM |
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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.
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Gozie51
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October 14, 2023, 01:58:35 PM |
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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.
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Unbunplease
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October 14, 2023, 02:46:27 PM |
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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?
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icalical
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October 15, 2023, 03:01:42 AM |
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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.
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sana54210
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October 15, 2023, 05:30:42 PM |
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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.
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lixer
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October 15, 2023, 05:32:39 PM |
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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.
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harapan
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October 16, 2023, 12:37:52 PM |
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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.
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slapper
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Leading Crypto Sports Betting & Casino Platform
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October 17, 2023, 05:42:41 AM |
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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
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Bananington
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October 17, 2023, 01:15:33 PM |
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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.
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| | | . Duelbits | | | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄▄▄ | TRY OUR
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Patrol69
Sr. Member
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Axioma Holding - Axioma Pay Crypto Card
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October 17, 2023, 01:42:05 PM |
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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.
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taufik123
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Rollbit.com | Crypto Futures
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October 17, 2023, 02:16:36 PM |
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-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.
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jaberwock
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October 17, 2023, 07:01:32 PM |
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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.
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DVlog
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October 17, 2023, 07:48:28 PM |
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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.
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