The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
That's semantics. In that model, you need to destroy money to avoid it becoming worthless.
Only if the rentier was planning to spend it.
Money that just sits in your bank account does not cause inflation.
If you tax rentier, you destroy costs.
You keep saying that, but it's just not so.
If you tax the rentier, you make sure that the rent is paid to the tax man rather than the private rentier. But that does not make the rent go away - the user still has to pay it.
What it does do is alter the term structure of the rent - from being paid up front in the asset price to being paid over time in taxes. Which is helpful in preventing bubbles, but not make the rent any lower in and of itself.
Like Michael Hudson says, interest grows exponentially,
But it does not, unless you allow scammy stuff like negative amortisation loans.
Friends come and go. Enemies accumulate.
by DoDo - May 1 18 comments
by gmoke - Apr 28 5 comments
by Bernard - Apr 24 26 comments
by Frank Schnittger - Apr 27 8 comments
by Frank Schnittger - Apr 30 2 comments
by Frank Schnittger - Apr 27 25 comments
by DoDo - May 118 comments
by Frank Schnittger - Apr 302 comments
by gmoke - Apr 285 comments
by Frank Schnittger - Apr 278 comments
by Frank Schnittger - Apr 2725 comments
by Bernard - Apr 2426 comments
by gmoke - Apr 11
by Bernard - Apr 65 comments
by marco - Apr 430 comments