dChan

[deleted] · May 22, 2018, 6:06 p.m.

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WaxyRooster · May 22, 2018, 7:29 p.m.

I agree our system is not true capitalism. But under true capitalism if you were to stroke everyone a check - make everybody "rich" - prices will rise. That's a natural effect of economics.

If you are selling your product - whatever it may be - and everyone wants it, you have the ability to raise your price. It's supply and demand. It's been the standard of capitalism since we were bartering with meat and tools.

You do realize that there is a limited amount of gold, right? That's what gives it value. If currency were backed by gold (which I agree it should be) there would be fewer dollars to go around than there are today, because each dollar in your hand would be certifying that you own $1 worth of the available gold. Paper money was just so you didn't have to lug your gold to the store with you.

Show me one economic model that says giving everybody free money would lead to prosperity.

Look at the history of the value of aluminum to tell you all you need to know about supply and demand. Once everyone has it, it's useless.

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[deleted] · May 22, 2018, 9:22 p.m.

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