Comment on A Huge Number of Homeowners Have Mortgage Rates Too Good to Give Up
kandoh@reddthat.com 2 months agoSince moving off the gold standard there hasn’t been a single economic depression. The quality of life for the poor and working class has skyrocketed. The government was able to fund big public works projects like dams, bridges, and highways.
You know who wants to get back on the gold standard? Oligarchs and Aristocrats. People who keep large amounts of liquid cash stored away absolutely hate that they can’t hide their money somewhere and have it still be worth the same amount years later. They’re forced to invest it to keep it productive.
CableMonster@lemmy.ml 2 months ago
The problem is I dont know what you mean by a depression, we have had a series of recessions, and we are kicking the can down the road. And most of the dams and bridges were made BEFORE we went off the gold standard.
The problem is that you are just repeating modern monetary policy talking points and you probably will just hand wave away all these charts to some other random thing. But what you should notice is how poor people are having a hard time affording food and housing and other basic necessities. And to pretend that fiat currency isnt exactly what the rich want is just silly and makes no sense.