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[–]Canbot 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Another inflationary pressure results from automation and mass production, which cause the goods and services that cannot be automated to become inflated.

What a retarded spin. It is not the single item that is being "inflated" it is the value of the currency falling along with the cost of automated items. The CAUSE of the inflation is NOT automation. The cause is the devaluing of currency through printing.

For those who own many assets, inflation increases their value. Who effectively works to lower inflation? No entity that this writer is aware of.

Pretty much this. The (((federal reserve))) is the cause of inflation. The cause of all of the problems caused by inflation. The cause of poverty due to inflation. The cause of massive wealth transfers to the rich.

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

Another inflationary pressure results from automation and mass production,

Well Yang had a lot of success pushing the idea that automation was a problem that needed to be fixed by UBI (i.e. Destroying the usefulness of money as information), especially with educated mid-wit moderates.

The problem is not just inflation its distortion. Because of usury, government spending and government regulation work or products that are of little or no value have very high cost and more useful goods and services are being undervalued. The government and other monopolies have distorted the market beyond all recognition. UBL will distort that even further.

A prosperous, high trust economic system relies on accurate information. Our ancestors were right to ban lending for interest as a ‘sin’. Its a way to manipulate the system. Its like gambling. The house always wins. Just don’t play. Now our economies are giant ponzi schemes.