Comment on Why The Government Has Infinite Money
Nemo@midwest.social 1 year agoWhich is bad if you have a lot of money, but not so bad if you have a lot of debt and can still sell your labor and its produce.
Comment on Why The Government Has Infinite Money
Nemo@midwest.social 1 year agoWhich is bad if you have a lot of money, but not so bad if you have a lot of debt and can still sell your labor and its produce.
cantstopthesignal@sh.itjust.works 1 year ago
But also bad if you have pay for things like food and shelter. Then you are just bartering which is less efficient than having actual currency. You can’t sell someone half a haircut.
unfreeradical@lemmy.world 1 year ago
If wages rise with inflation, then workers gain relative to those with accumulated fortunes.