> Money printers bad. Including the Federal Reserve (since its inception 109 years ago, the US Dollar has lost 96% of its value.)
You don't seem to understand how fiat money is supposed to work, and how a stable economy is supposed to function.
Deflation is bad (where the value of a dollar increases relative to the average cost of products). Your economy can enter a deflationary spiral which is super bad and disruptive.
So ideally you would have a stable value relative to products and services. But how do you deal with progress and productivity increases? A farmer 100 years ago was plowing fields with a horse, and now can handle much larger farms with a tractor. We're producing a lot more of other resources and finished goods as well, and these are purchased by a much larger population. Well, you increase the money supply to match the economic activity.
Keeping inflation to exactly 0% is very difficult, and erring on the side of inflation isn't so bad, so that's what we try to do. The point isn't to have each dollar stored in a bank to automatically (magically) increase in relative value (to products and services) without any effort. If you want more money, you need to make more money.
In a deflationary spiral, both unemployment and the cost of goods go down. It is considered a time of prosperity for the layman. Any worldview in which this is a bad thing can only be considered an evil one.
Sure, inflation is cool because it shrinks our debt to nothing, but then what is our economy and social structure based on? Only lies. Even children can see now how this system is collapsing under the weight of its own absurdity and demoralization. I've had it to here with these banker-centric rationalizations of why it's a good thing that the average employee gets screwed harder and harder each year.
Can you please provide evidence to your claim that deflation leads to lower prices and unemployment? That is a claim that contradicts most modern understandings of economics.
The last major deflationary event in the United States was the Great Recession and personally that seems a little out of touch to be calling that a time of prosperity for the layman.
You don't seem to understand how fiat money is supposed to work, and how a stable economy is supposed to function.
Deflation is bad (where the value of a dollar increases relative to the average cost of products). Your economy can enter a deflationary spiral which is super bad and disruptive.
So ideally you would have a stable value relative to products and services. But how do you deal with progress and productivity increases? A farmer 100 years ago was plowing fields with a horse, and now can handle much larger farms with a tractor. We're producing a lot more of other resources and finished goods as well, and these are purchased by a much larger population. Well, you increase the money supply to match the economic activity.
Keeping inflation to exactly 0% is very difficult, and erring on the side of inflation isn't so bad, so that's what we try to do. The point isn't to have each dollar stored in a bank to automatically (magically) increase in relative value (to products and services) without any effort. If you want more money, you need to make more money.