Very true. You could indeed have real smart math people write an algorithm that determines the EXACTLY optimal money supply and limit money creation to that. Beyond the entire quantity of money a very big factor in economic growth and prosperity is where new money is injected. If it is injected to improve wokeness in the military, that m…
Very true. You could indeed have real smart math people write an algorithm that determines the EXACTLY optimal money supply and limit money creation to that. Beyond the entire quantity of money a very big factor in economic growth and prosperity is where new money is injected. If it is injected to improve wokeness in the military, that money goes down the sewer, creates demand without increasing productivity, in fact reduces productivity, which of course leads to more inflation. If that newly created money is injected into hard infrastructure and technical/business skills/education, that can reap big rewards in economic strength. Also into new technology. And expanding things like mineral production, steel making, electronics production. Also money created and injected into the poorer half of the population who will spend most of it on local goods and services rather than save it or invest it overseas.
I could imagine making a large A.I. that would figure out how to optimize that and manage all money creation. Far better than having corrupt banksters decide where new money should be injected. They really like inflating real estate prices more than anything. Or buying politicians.
Very true. You could indeed have real smart math people write an algorithm that determines the EXACTLY optimal money supply and limit money creation to that. Beyond the entire quantity of money a very big factor in economic growth and prosperity is where new money is injected. If it is injected to improve wokeness in the military, that money goes down the sewer, creates demand without increasing productivity, in fact reduces productivity, which of course leads to more inflation. If that newly created money is injected into hard infrastructure and technical/business skills/education, that can reap big rewards in economic strength. Also into new technology. And expanding things like mineral production, steel making, electronics production. Also money created and injected into the poorer half of the population who will spend most of it on local goods and services rather than save it or invest it overseas.
I could imagine making a large A.I. that would figure out how to optimize that and manage all money creation. Far better than having corrupt banksters decide where new money should be injected. They really like inflating real estate prices more than anything. Or buying politicians.