They know, and the fact that inflation is meant to stay at a "steady" 2% instead of 0% means they want to drain people's money. It's just in the past they did it slowly and now they are accelerating.
Money should be whatever the market can bear and its consumers use it for. To be Money, it must first be a means of exchange, this is true, but after that, many other secondary and derivative use cases can be established.
Money slightly losing value year-on-year is by design. Prior to this, in the gold standard, money gained value if you did nothing but horde it. Because of this, people didn't invest it, and there was economic stagnation any time gold's value rose.
With MMT, the slight loss of value in money means that people are incentivized to invest it or they'll lose 2% each year. The spur in investment and rise of MMT is one of the reasons the USA is the richest country in the world.
"Stagnation" as described by State priests ("economists"). If you always look only at "activity"/GDP and ignore saving and long-term investments everything is stagnation if you want it to be.
They know, and the fact that inflation is meant to stay at a "steady" 2% instead of 0% means they want to drain people's money. It's just in the past they did it slowly and now they are accelerating.
Money should be a means of exchange, and not an asset.
Money should be whatever the market can bear and its consumers use it for. To be Money, it must first be a means of exchange, this is true, but after that, many other secondary and derivative use cases can be established.
Money slightly losing value year-on-year is by design. Prior to this, in the gold standard, money gained value if you did nothing but horde it. Because of this, people didn't invest it, and there was economic stagnation any time gold's value rose.
With MMT, the slight loss of value in money means that people are incentivized to invest it or they'll lose 2% each year. The spur in investment and rise of MMT is one of the reasons the USA is the richest country in the world.
"Stagnation" as described by State priests ("economists"). If you always look only at "activity"/GDP and ignore saving and long-term investments everything is stagnation if you want it to be.