/biz/ - Business & Finance

[Anonymous No.29882907]

Why can't we just keep printing money until everyone is a billionaire?

[Anonymous No.29882960]

The chick in that manga is such a roastie.

[Anonymous No.29883020]

>>29882960
Just peg the dollar to the price of a commodity like gold then print more. Easy. No hyperinflation

[Anonymous No.29883093]

>>29883020
You'd need to alchemize a corresponding amount of gold then.

[Anonymous No.29883181]

>>29883093
Why? It's illegal to trade currency for the amount of gold it represents. Peg it to the price of gold, not a reserve of gold.

[Anonymous No.29883300]

>>29883181
The price of gold is determined by its scarcity.

[Anonymous No.29883769]

>>29883300
Right. So you can say 1 dollar is equal to X amount of gold and print as much as you like because the gold itself isn't increasing, but the dollars value will always remain equal to X amount of gold no matter how many you print.

[Anonymous No.29883858]

>>29883769
but there will be more dollars so how can 1 dollar = x amount of gold without making more gold?

[Anonymous No.29883974]

>>29883769
lmao what.

then everybody will just use all the dollars to buy up all the gold. you would need a source of infinity gold to make this work.

the absolute state of goldbugs. they cannot into physical reality and think they can into digital reality.

cringe.

[Anonymous No.29884004]

>>29883858
Because the government says it is and imprisons anyone who trades for any other value.

[Anonymous No.29884093]

>>29884004
Then nobody sells (except for on the black market).

[Anonymous No.29884172]

>>29884093
Good luck explaining to your local market integrity officer why different people are living in the home you owned last week

[Anonymous No.29884227]

>>29884172
The officer is easily bribed when you allow him to pay $100,000 for some of your bread reserves