one thing for some who say this initiative is printing money.. it is linked to taxes... typically flat tax, or legacy tax, the only taxes that are not toxic for the economy.
another way to do the sale could be like waht is donne in poor countries with agriarian reforms, it is to give a share of capital to each citizen... an agrarian capital, a LENr generator, a Robot, a datacenter... anyway there will be some need for charity for the least capable people... and charity is not good for the economy, much worse than fflat money. the only serious excuse I've heard agains that is that : - some people will refus eto work... it seems that in real life, people try to earn thei life anyway, maybe differently, but with some kind of work or investment - how to manage the imigrants... one way is to tax them less, with no minimum income at the beginning... them maybe allow them to get their citizenship by effort or adoption. ... anyway that is a little utopia... I don't imagine people will accept it for many reason we see here... anyway both US or french system will explode, even if they are opposite... did you know that from France Obamacare is a very rightwinged libertarianist way to organize healthcare... may be funny for american to see with our eyes. 2013/10/21 Jed Rothwell <[email protected]> > Chris Zell <[email protected]> wrote: > > But this money printing (or the creation of monetary reserves) does not >> produce inflation automatically. After living thru the '70's, this came as >> a shock to me. It still looks very weird for Japan trying to trigger >> inflation and finding it more difficult than they thought. >> > > They find it kind of weird too. This is despite the fact that their > national debt is a much larger fraction of GDP than anyone else's, I > believe. Wikipedia says it is 214% compared to 74% for the U.S. An economic > expert on NHK described the debt as "a pit from which there is no escape." > I cannot understand why they can't escape it by printing money, but I don't > get economics. > > Japanese leaders resemble the Germans in that they still fear > hyperinflation. The Germans had it in 1920s and Japan in the 1940s, after > the war. They cannot bring themselves to print money, I guess. > > - Jed > >
