Warren Buffett’s Recent Explanation of How Money Now Works Is the Most Important in History

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[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

I think it's a red herring: who cares if a dollar is worth a dollar or worth 0.000001$? Obviously people who hold actual nominal dollars do, but they are the only ones. The problem occurs with hyperinflation: when you are paid at midnight on Wednesday and by the time the shops open on Thursday your paycheck has already lost 25% of its value, that is a huge problem. It's happened before, and it's going to happen again, this time in developed nations.

[–]AsInBeer 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

I addressed that. Hyperinflation is a problem you don't want to trigger, we all agree.

I was making conceptual theoretical space between increasing the money supply and hyperinflation. Can you speak to that?

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Well that's where the Fed is trying to head: to a place where inflation is high and debt in nominal terms becomes irrelevant. But it doesn't work, since all currency in developed countries is BORROWED upon creation. So you wanna print 100 trillion? Cute, but you'll add 100 trillion in debt foremost.

You literally can never win with banksterism.

[–]AsInBeer 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I feel like you're not repsonding to anythng I said. You're ignoring what I actually said and giving back to me some extreme consequence of something I never said.