Printing More Money Does Not Raise Living Standards

Printing money does not raise living standards. With @andrewyang #principles #raydalio #shorts

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[mhenrique]

Printing More Money Does Not Raise Living Standards... Not exactly true! This is a question of perspective.. Printing more money raises a LOT the living standards for those who own the printer or people that trade with them! off course, for the the bottow is terrible and they will loose living standards

[Koushi]

U need to use the cash to build things that are in shortage that's how u create wealth basically.

Remove speculator hoarding assets to create shortages and make them abundant instead.

Eg land value tax and remove income taxes

[supamatta]

Everyone standing around staring at things falling apart, is the only true value of gold in your hand. 1 slave year producing 50$/hour and 25trillion hours would be 1.3 quad of product

[apex]

Andrew never talked about "money creation" he talked about wealth creation. Our numbers are all about money, how's the money doing, where is the money going, blah blah. We need to change the metric. We need to change our priorities and measure the economy by measuring the value of life, measuring innovation, progression, solutions to problems, lower crime rate, less homelessness, less hunger, less joblessness. All of these things should matter MORE than money. But it doesn't because of the almighty dollar's inflated and fabricated artificial importance. We can't delete money, so instead, we can make the other stuff easier so that money has more value by making our necessities less valuable by making them more available to people.

[stupedcraig]

Inflating your money is only good to pay off debts. Sadly the inflation now is both printed money and corporations price gouging. They should be held accountable. (no politician has a backbone to do it though.)

[ReliableisHere]

The value of currency will go down that will always be true

[eliti]

That's why china at some point had silver as currency, but they did not own any silver mines. Best inflation killer ever.

[roya]

Andrew Yang guaranteed income funded w debt is a terrible idea

[stupedcraig]

If you want to increase standard of living, increase taxes on wealthy and corporations.