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A money printer is a money printer. There is no strategic or sensible way for a government to print money. It always ends badly for everyone except the few people who live close enough to the printer to buy their way out of the consequences. There is no need to investigate the specific justifications for why a government prints money or what it spends it on.
It would be better if the government used the money printer for hookers and blow. Spending it on programs to build a utopia is so much worse.
It always ends badly for everyone except the few people who live close enough to the printer to buy their way out of the consequences.
Compared to what? How did the non-money-printing scenarios end, for the nations (who?) who maintained them?
Basically everyone would afford 100 times as much stuff from working half as many hours.
In war fiat enables the combatant nation states to leverage all of their citizens monetary wealth toward victory.
The same applies in a trade war.
China and USA are already engaged in such a contest.
The dollar is losing because the dollar has been squandered upon inflating the price of non productive assets while the Yuan has been directed toward to building of productive supply chains and infrastructure.
USA cannot make useful things anymore.
It cannot make the hardware required for a modern war.
Rare earths for example.
To win you need to print and spend on useful things and USA didn't do that.
Trump is trying to turn that around now but its almost certainly too little far too late.
the Yuan has been directed toward to building of productive supply chains and infrastructure
Why bother having a currency at all then? Just issue everyone an order on what they should be making, and then you'll have a perfectly efficiently economy. That's what taxation/inflation is.
Because China operates a mixed economy with state direction of strategic capital and a highly competitive private sector and labour market underneath that.
It is a hybrid of socialism and capitalism- state capitalism.
The private sector benefits hugly from such things as low cost electricity
Combining the best of both and demonstrably now out competing the wests crony capitalists.
In other words the parasite knows not to kill the host.
You do not seem to understand the concept of a symbiotic relationship which creates an advantage for the participants.
In this case the symbiotic relationship is a government and its people building an economy that is stronger than competing nations.
You need to understand fiat money can be a potent driver of growth IF it is applied diligently.
It can equally be a wasted and misused mechanism if it results in the allocation of too much capital toward speculative non productive purposes which do not ultimately compensate for the collective debasement of the currency that is incurred.
How is it "symbiotic" if it isn't voluntary? If the government wants to be a benevolent servant then it should politely request donations instead of resorting to death threats and scam tokens, or offer some form of equity and ROI in exchange for the money. There would be no need for force or deception if the relationship between nation and state were genuinely a win-win proposition.
How is it "symbiotic" if it isn't voluntary?
You are free to leave anytime you please.
Hysterical Libertarian is free to go live outside of the nation state.
But is he insane or suicidal enough to do it?
No hes a hypocrit and parasite leeching off the welath and security the nation state afford his self entitled fat & lazy arse.
Japan is monetarily and militarily subservient to the US.
view on www.youtube.com'You have to filter every idea through the Opium Wars no matter how irrelevant it is to the problem at hand.'
That is about as classic a sly misrepresentation of what I actually say as I have seen- The Opium Wars are a very good place to start for arrogant ignorant US exceptionalists who have no ideas whatsoever what China is, but it is only a starting point toward understanding and certainly not a filter.