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And Darth was parroting ECB propaganda. Actually, Bank of England propaganda, which is where ECB copied it from.
It's all twisted to make sure they don't get the blame for inflation, but everybody else. First central banks blame 'suddenly' greedy companies which must increase prices BECAUSE there is debased money. Then central banks blame 'suddenly' greedy workers who demand higher wages BECAUSE company profits are higher BECAUSE of debased money. Last central banks blame commercial banks who must expand credit BECAUSE nominal prices have risen BECAUSE workers get higher wages BECAUSE companies made higher profits BECAUSE central bank debased money.
Don't trust, verify. Blame not companies, workers, or commercial banks. Blame the true villains: government and central banks.
Blame the true villains: government and central banks.
Nobody here says otherwise... idk what's your problem.
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'What's the problem' you ask?
If it is a genuine question: Harsh comments despite confusing valid money types with invalid ones like fiat, and by confusion of loans with trade credit.
If you are willing to learn, I am here. Trolling does not help.
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LOL I just post an additional information from ECB about how THEY explain money. You also talk about money, so where is the "trolling"? You suffer from some kind of syndrome? Anyways, I can comment whatever I want, I paid for that comment. Geeze people nowadays are fucking sensitive snowflakes...
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It's fine, we both pay for the comments.
I call TROLL anyone who wilfully misrepresents the topic of the article, and replies with inflammatory, irrelevant, and offensive comments.
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you are too snowflake
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You are too troll.
And not really interested in economics.
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And you shilling a bullshit crap IOU here #707088 is not trolling, right...
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We refuted those nonsense accusations right there.
And as you copied / pasted Giacomo's framework (without giving him due credit) you may want to ask him first before applying it to something which he did not intend it for. Contrary to you, he groks it.