this post was submitted on 21 Aug 2026
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Late Stage Capitalism

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[–] Mulligrubs@lemmy.world 11 points 3 days ago (3 children)

Well, we can just print more money! That's the solution for both capitalism and socialism, works every time.

Don't worry, the predatory bankers that are appointed to the Fed are surely looking out for our best interests, they would never, ever abuse their positions for the benefit of JP Morgan or anything like that, don't be silly

[–] SpaceCowboy@lemmy.ca 2 points 3 days ago

Monetary shenanigans only seem like a good idea to people that don't understand economics.

Actual economics is about the value of work. Fluctuations the the value of money don't accomplish much. Consider Cuba which does all kinds of monetary shenanigans. People just do black market money deals to get around it. Capitalism finds a way.

[–] VitoRobles@lemmy.today 2 points 3 days ago (1 children)

That's how America is now currently $40 trillion in debt! Just shut up and keep printing!

[–] Don_alForno@feddit.org 2 points 2 days ago* (last edited 2 days ago)

If they just printed it they wouldn't be in debt. The capitalists have successfully introduced a system in which the government has to borrow money from private banks who borrow it from the central bank that prints it. Instead of just printing money, we now print money and pay interest on it to private banks.