Guaranteed Income as Quantitative Easing

[whell]

Originally Posted by donquixote99

You describe some pitfalls that the program would have to be designed to avoid, but to a large extent you just haven't gotten you mind around the one really radical aspect, and it's implications. I refer to the funding source, which is created money, not tax money.

Oh, I've gotten my mind around it, alright. Creating money = devaluation of currency = inflationary pressure. That was my comment above about the QE program always intended to be temporary. If you make it long term, evenually you'll get inflation. The only reason I think we've not had inflation with QE this time is that the conditions are so lousy for economic growth.

If your long term objective is to put economic pressure on the "fixed class" folks to move out of the fixed class, then inflating the cost of all goods and services, including essentials, is one way to do it, I guess. But once you let that horse - inflation - out of the barn, its awfully hard to get it back in again.

[Tom Joad]

Originally Posted by whell

Creating money = devaluation of currency = inflationary pressure.

Which is fine with me. Inflation hurts creditors more than it does debtors. And these days most creditors are predators. So fuck them.

[nailer]

Originally Posted by whell

Oh, I've gotten my mind around it, alright. Creating money = devaluation of currency = inflationary pressure. That was my comment above about the QE program always intended to be temporary. If you make it long term, evenually you'll get inflation. The only reason I think we've not had inflation with QE this time is that the conditions are so lousy for economic growth.

If your long term objective is to put economic pressure on the "fixed class" folks to move out of the fixed class, then inflating the cost of all goods and services, including essentials, is one way to do it, I guess. But once you let that horse - inflation - out of the barn, its awfully hard to get it back in again.

Thanks to Globalization, economic growth here will be slow for some time to come. I'm also thinking we have low inflation because there are not too many dollars chasing too few goods.

[Tom Joad]

Smart guy this dude. Way ahead of his time.

[whell]

Originally Posted by Tom Joad

Smart guy this dude. Way ahead of his time.

So, question about this:

While the people are going about their true business of being in school, who's going to build and maintian the classrooms, make the books, whiteboards, projectors, etc for the classrooms, make the clothes that folks wear to class, make and deliver the food the students eat, etc....?

[Tom Joad]

Originally Posted by whell

So, question about this:

While the people are going about their true business of being in school, who's going to build and maintian the classrooms, make the books, whiteboards, projectors, etc for the classrooms, make the clothes that folks wear to class, make and deliver the food the students eat, etc....?

We will need a few workers bees.

To make it fair, we'll set it up like the military. Everybody will have a worker bee obligation of two years. You'll have the option of enlisting into the worker bees. And you will be assigned to be trained and serve in some capacity that meets society's needs. You'll get extra pay of course so you'll have more money than the couch potatoes. And if you like it you can re-enlist and make a career out of it. Also, we will need a draft for those hard to fill positions. So you might get drafted and have to spend two years cleaning public rest rooms. That would suck, but it would only be for two years. Then you could go back to chillin on the couch.

[whell]

Originally Posted by Tom Joad

We will need a few workers bees.

To make it fair, we'll set it up like the military. Everybody will have a worker bee obligation of two years. You'll have the option of enlisting into the worker bees. And you will be assigned to be trained and serve in some capacity that meets society's needs. You'll get extra pay of course so you'll have more money than the couch potatoes. And if you like it you can re-enlist and make a career out of it. Also, we will need a draft for those hard to fill positions. So you might get drafted and have to spend two years cleaning public rest rooms. That would suck, but it would only be for two years. Then you could go back to chillin on the couch.

You realize that these statements are far more radical than anything Marx envisioned. At least he believed workers and work had virtue, even though he never worked all that hard himself.

[finnbow]

Originally Posted by Tom Joad

We will need a few workers bees.

To make it fair, we'll set it up like the military. Everybody will have a worker bee obligation of two years. You'll have the option of enlisting into the worker bees. And you will be assigned to be trained and serve in some capacity that meets society's needs. You'll get extra pay of course so you'll have more money than the couch potatoes. And if you like it you can re-enlist and make a career out of it. Also, we will need a draft for those hard to fill positions. So you might get drafted and have to spend two years cleaning public rest rooms. That would suck, but it would only be for two years. Then you could go back to chillin on the couch.

You sound like Pol Pot.

[Tom Joad]

Originally Posted by whell

You realize that these statements are far more radical than anything Marx envisioned. At least he believed workers and work had virtue, even though he never worked all that hard himself.

Originally Posted by finnbow

You sound like Pol Pot.

Go big or go home, that's my motto.

I prefer to look at it as "thinking outside the box".

[Dondilion]

Originally Posted by Tom Joad

Smart guy this dude. Way ahead of his time.

Really extraordinary fellow...Mr outstairs-instairs.