[ExI] Even India and Haiti do it better

[SR Ballard]

I don’t have a good answer to that because that’s essentially what we’re doing. 

https://www.nytimes.com/2020/04/15/business/coronavirus-stimulus-money.html

https://news.bitcoin.com/printing-money-from-thin-air-how-the-fed-reduces-purchasing-power-and-makes-you-poorer/

 Money is a fiction. 

It can easily be “taxed back out of existence”. 

SR Ballard

> On May 8, 2020, at 7:23 AM, spike jones via extropy-chat <extropy-chat at lists.extropy.org> wrote:
> 
>  
>  
> From: extropy-chat <extropy-chat-bounces at lists.extropy.org> On Behalf Of SR Ballard via extropy-chat
> Subject: Re: [ExI] Even India and Haiti do it better
>  
> >…Spike, I think you’re failing to realize this: If we wanted to, we could take the amount of the US debt and just... print that many dollars and just pay. Poof. Debt disappears in a puff of smoke. 
>  
> >…Money only exists because we all agree it exists. It has no intrinsic worth, beyond maybe butt wiping and kindling.
> 
> >…SR Ballard
>  
>  
>  
>  
> Hi SR,
>  
> Many US states are being forced to re-open their economies before it is safe.  They know it isn’t safe yet, and we all know it.  It is crazy risky.  It will cost lives.  The consequences of that will be bad.
>  
> In your view, if printing more money to pay off debts is an option (poof, debt disappears in a puff of smoke (just give the unemployed their former pay)) why aren’t we doing that?
>  
> spike
>  
>  
> _______________________________________________
> extropy-chat mailing list
> extropy-chat at lists.extropy.org
> http://lists.extropy.org/mailman/listinfo.cgi/extropy-chat
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.extropy.org/pipermail/extropy-chat/attachments/20200508/53c352fc/attachment.htm>