As someone who is not informed on this and just is going by what is written in this thread, the videos seemed high quality and informative, and you saying “I got a degree” and refusing to engage because you don’t like YouTube is absolutely unhelpful and uninformative.
It seems like @rockSlayer@lemmy.world is right, based on the information available right here. If you really disagree and would like like to show otherwise, please do engage and provide more information, I find this interesting.
neither of those governments had monetary sovereignty. Zimbabwe was also an exceedingly rare case of hyperinflation within a country using fiat currency.
Edit: please, engage with the source material. What about monetary sovereignty is incorrect?
Looks like you have a lot of reading to do. If only there were an easily digestible way to consume all of this information in a way that only had the relevant parts for our discussion.
Do just like to be an insufferable dickhead, or is this you being serious? Congrats, you learned what hyperbole means. Fiat currency is limited by the real economy. In the US, the real economy is trillions of dollars more than the federal budget. You’d know that if you watched those videos. The deficit is a myth, and the only real spending limit is the resources available to the government.
I lashed out in frustration with an insult, which wasn’t appropriate. I’m sorry. I was frustrated with how my use of “infinite money” was taken literally, when you as an economist would know that nothing regarding the economy could be infinite. I’m still a bit irritated that your entire disagreement is based on pendantry.
“infinite money” was obviously hyperbole, for the record. They tried to make it seem like it wasn’t obvious, but if they really couldn’t tell then they were being oblivious.
He didn’t say that it wouldn’t affect inflation. He didn’t say it’s value doesn’t go down by printing more. He simply said it’s possible to print an unlimited amount (I assume barring a shortage of paper or ink or labor), and that remains true.
On the other hand, he’s now apparently changed his mind. It would seem he did indeed mean to imply more than just his words.
The German government in the early '20s engineered their hyperinflation as part of an attempt to demonstrate an inability to pay the ruinous war reparations demanded by the Versailles Treaty. It’s really not a good example of “natural” inflation.
People just don’t seem to understand the supply-and-demand aspect of inflation, which is what causes these braindead takes; nor do these YouTube videos bother explaining it.
I mean, when your worldview is challenged then you only have two options:
a) Concede, learn, move on
b) Stand your ground, no matter what
The former is hard, so people pick the latter. It’s that simple.
Also, there’s a form of comfort to be found in burying your head in the sand and pretending that simple solutions exist to complex problems. It requires less critical thinking and gives you hope that someday, somebody will say they’ve ‘had enough’ and solve problems like world hunger or poverty in one fell swoop. It’s a lot more difficult to admit that, in reality, money is inherently worthless and the labor and resources that give it value are usually finite quantities.
Well, that or they just think economic problems are super easy to fix because their only source is a poorly-sourced YouTube video.
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As someone who is not informed on this and just is going by what is written in this thread, the videos seemed high quality and informative, and you saying “I got a degree” and refusing to engage because you don’t like YouTube is absolutely unhelpful and uninformative.
It seems like @rockSlayer@lemmy.world is right, based on the information available right here. If you really disagree and would like like to show otherwise, please do engage and provide more information, I find this interesting.
The economics major has a point actually, but it’s nowhere near as interesting or important a point as they think.
Actually it just seems like the economics major is rude and doesn’t know what hyperbole is.
neither of those governments had monetary sovereignty. Zimbabwe was also an exceedingly rare case of hyperinflation within a country using fiat currency.
Edit: please, engage with the source material. What about monetary sovereignty is incorrect?
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Fine, let me grab you some of the sources used in one of these highly researched videos.
Books:
Articles:
Looks like you have a lot of reading to do. If only there were an easily digestible way to consume all of this information in a way that only had the relevant parts for our discussion.
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Do just like to be an insufferable dickhead, or is this you being serious? Congrats, you learned what hyperbole means. Fiat currency is limited by the real economy. In the US, the real economy is trillions of dollars more than the federal budget. You’d know that if you watched those videos. The deficit is a myth, and the only real spending limit is the resources available to the government.
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I lashed out in frustration with an insult, which wasn’t appropriate. I’m sorry. I was frustrated with how my use of “infinite money” was taken literally, when you as an economist would know that nothing regarding the economy could be infinite. I’m still a bit irritated that your entire disagreement is based on pendantry.
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“infinite money” was obviously hyperbole, for the record. They tried to make it seem like it wasn’t obvious, but if they really couldn’t tell then they were being oblivious.
That’s literally what he did in the first comment you replied to.
He posted the sources to back up his point because you were disputing it, and then you said “you don’t have a point!” Ridiculous.
Classic economics major, though.
Yep. “I know better, so just shut up!”
He’ll make a typical politician one day.
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He didn’t say that it wouldn’t affect inflation. He didn’t say it’s value doesn’t go down by printing more. He simply said it’s possible to print an unlimited amount (I assume barring a shortage of paper or ink or labor), and that remains true.
On the other hand, he’s now apparently changed his mind. It would seem he did indeed mean to imply more than just his words.
“infinite” is hyperbole. In this context, it means “more than enough”.
It should be obvious, “infinite” can never apply to real world situations like this.
The German government in the early '20s engineered their hyperinflation as part of an attempt to demonstrate an inability to pay the ruinous war reparations demanded by the Versailles Treaty. It’s really not a good example of “natural” inflation.
People just don’t seem to understand the supply-and-demand aspect of inflation, which is what causes these braindead takes; nor do these YouTube videos bother explaining it.
Removed by mod
I mean, when your worldview is challenged then you only have two options:
a) Concede, learn, move on
b) Stand your ground, no matter what
The former is hard, so people pick the latter. It’s that simple.
Also, there’s a form of comfort to be found in burying your head in the sand and pretending that simple solutions exist to complex problems. It requires less critical thinking and gives you hope that someday, somebody will say they’ve ‘had enough’ and solve problems like world hunger or poverty in one fell swoop. It’s a lot more difficult to admit that, in reality, money is inherently worthless and the labor and resources that give it value are usually finite quantities.
Well, that or they just think economic problems are super easy to fix because their only source is a poorly-sourced YouTube video.