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/biz/ - Business & Finance

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49438451 No.49438451 [Reply] [Original]

Retard here. Hypothetically, couldn't inflation in the US be remedied if the government burned truck loads and truck loads of cash? Provided that the money printer is not turned back on in the process?

>> No.49438532

>>49438451
Most USD isn’t physical it’s debt. The way to curb inflation is by making debt more expensive which is what you’re seeing.
One of the big issues is that the national debt becomes exponetionally more burdensome because it’s such a massive number that tax dollars won’t be able to service the interest alone if rates get too high.
Basically, shit is fucked and US is beginning it’s decline

>> No.49438550

>>49438451
and whose money would you be burning my friend?

>> No.49438558

>>49438532

/thread

>> No.49438585

>>49438451
Daily reminder that every single finance asset like stocks,bonds,debt,crypto and money are all purely parasitical in nature and serve no purpose nor have any inherent value. Finance and economics are pseudoscientific make believe garbage, capitalism is inherently unstable, unsustainable and exploitative and ever single financier or crypto dudebro is a parasite. Inflation is just another manifestation of your cancerous world. First the real world rejects you. Now even your own simulation rejects you.

>> No.49438602

>>49438585
Ok, retard.

>> No.49438669

>>49438585
what's the solution bitch?

>> No.49438776

>>49438532
The USD is backed by the largest armed forces in the world, likely allied with extraterrestrials. Whoever calls that debt is surely going to be super cereal about getting paid back.

>> No.49438835

>>49438451
That's what taxes do.

>> No.49438905

>>49438776
No one cares after we lost to goat herders in Afghanistan

>> No.49438913

>>49438669
Solutions for you is cutting 4chan cold turkey. Then worry about solutions to anything else young blood

>> No.49438914

>>49438451
Think less about how much money there is and more about how much stuff there is. Price can increase by creating more money, it can also increase by decreasing the supply of stuff. The last part is only fixable by producing more. Something our overlords are sabotaging in the name of ESG, climate change, covid lockdowns etc.

>> No.49439443
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49439443

>>49438776
This one?

>> No.49439462

>>49438913
sheeeeesh

>> No.49440301
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49440301

genius here. the problem is not amount of money but how people view them. the government basically airdropped free money to everyone and told them that bad financial times are ahead. now everyone is afraid to spend money while having a lot of them. this creates a death spiral circle called recession

>> No.49440505

>>49438532
Increasing rates makes it worse
You just mentioned the national debt and increasing what we pay in taxes to service that debt won’t help because the govt spends every tax dollar they get plus some
You’re a literal retard and your understanding is sad

>> No.49440905

>>49440301
Not true. This guy is right
>>49438532
The money supply is too high. Money supply outpaced the amount of product. More money chasing the same amount of goods/services means the money loses purchasing power.
>Retard here. Hypothetically, couldn't inflation in the US be remedied if the government burned truck loads and truck loads of cash?
Yes, that would work. That wold make the currency the scarce thing again in proportion to goods and services and the purchasing power would increase.

>> No.49440940

>>49440505
>the govt spends tax money

RETARD the government spends first taxes later, they print the money they spend and use taxes to service the debt from previous years. So if tax returns go down they can’t service past debt which would kill the USD

>> No.49440946

>>49438451
This last part of this post
>>49440905
was supposed to be to you op. You are actual right. That would help a bit. Burning some of the actual physical circulating supply would help.

>> No.49441613

it's illegal to burn US currency.
https://www.youtube.com/watch?v=V1tdbXCa-tI

>> No.49441660

>>49438451
>if the government burned
No, only thing government can do is boost production

>> No.49441683

>>49438905
We could glass the Middle East by primetime if we wanted to, as well as any others who get pissy about repayment.

>> No.49441707

>>49440940
I know
What’s wrong with you guys that you argue with people because you add things I never said or implied
Fucking idiots

>> No.49442593

>>49438776
>>49441683
Of the $30 trillion of debt the US has, about $7 trillion is held by foreign governments or investors. The largest portion of it, nearly $9 trillion, is held by the Federal reserve central bank, and trillions more are held by assorted governmental entities like the Social Security and military retirement fund. State governments also own a bunch.

Granted, if one did want to glass the federal reserve to wipe out a good hunk of debt, I would be all for it.

>> No.49442627

>>49441683
jesus christ why do we have cringe wignats on this board. head back to /pol/ faggot