Inflation is not sustainable without technological progress

>if you think that this is how the money system works i have bad news for you, biztard
I know, the current rate of inflation for the dollar and taxation by the U.S. government is not sustainable.

user inflation is caused by such printing, and they charge interest on it. You are the dumb faggot

>user inflation is caused by such printing, and they charge interest on it.
Charging interest doesn't necessarily cause inflation you dumb faggot. It may exacerbate it, but with centralized banking, printing more currency units is the source of inflation - not fucking charging people interest.

and i mean that your notion of the government 'printing money' to buy goods and services is the most ludicrous thing since the 2003 album chicken n beer.

>and i mean that your notion of the government 'printing money' to buy goods and services is the most ludicrous thing since the 2003 album chicken n beer.
Hello CIA. Plz gibs jobs. Will work for money, food and shelter.

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>printing more currency units is the source of inflation
no, printing more currency units than the goods you are producing/importing causes inflation. You only notice inflation when prices rise.

By inflation transparent I meant like making the whole monetary system more transparent. Atm we have the fed with like 7 members probably all jewish and nobody can even audit the FED and see wtf is going on. Then there's the whole bureaucracy making it hard to make changes if suddenly the government/fed decides to print a lot more money while the people oppose it. That's probably a utopia desu.

>printing more currency units than the goods you are producing/importing causes inflation.
Yes.

why do you think the central banks are called independent? why do you think erdogan is mad at the turkish central bank for raising interest?
i can help you by explaining how the money system actually works, but you have to promise not to be an idiot and actually listen.

>By inflation transparent I meant like making the whole monetary system more transparent.
You know that the government benefits from inflation, right? If the government collects $100 in taxes, prints another $10 and spends $110, the government is a direct beneficiary of inflation. You know this, right? Because if you know this, then you will also know that inflation cannot be transparent otherwise the government will have to admit that it's been spending money it did not collect in taxes.
>That's probably a utopia desu.
Yes. Never going to happen. Someone in power will always act like a dick to others - whether it's (((them))) or otherwise.

ok from here, charging interest on TOP of it means there is not enough money to ever repay the debt on one sit. But the yearly interests are being paid, thats why you get taxed. This leads to more money printing to satisfy the demand for capital.
Not to mention the whole lending chain (borrow at 2% lend at 4%, etc) which is feeding a parasitic class

technological progress isn't sustainable without inflation. and the drawbacks of technological progress are enabled by inflation

>why do you think the central banks are called independent?
Government/People running the central banks - all same to me CIA bruh. Plz gibs jobs.
>why do you think erdogan is mad at the turkish central bank for raising interest?
Central banks raising interest makes people conservative in spending - can't spend too much otherwise you owe too much money to the central banks. A quick look at the wiki page on the economy of Turkey shows that Major items on Turkey's export list are
1)Apparel
2)Foodstuffs
3) Textile
Major export partners are
1) Germany (Kebabistan) - 9.1%
2) U.K. (Islamistan) - 6.1 %
3) U.A.E - 5.9%

So Turkey's main export partners Kebablands. So Turkey really doesn't have any products worth exporting other than Turkish delight.

In this scenario, if the banks raise interest, then Turkey cannot import (once again from the wiki page)

1) Machinery
2) Semi finished goods
3) Fuels

From the countries
1) China (12%)
2) Germany (10.3%)
3) Russia (9.9%).

And can't fucking function as a non-fucntioning kebab state.

You're welcome.

>i can help you by explaining how the money system actually works, but you have to promise not to be an idiot and actually listen.
No thanks. I already know.

>charging interest on TOP of it means there is not enough money to ever repay the debt on one sit.
That is not an issue in itself, unless the economy is dependent on people borrowing money. An economy where inflation does not exist can survive with interest - people can just refuse high interest rates. But in an economy with inflation, that is not possible usually. The prices of goods and services keep going up - people don't know - they keep borrowing money and accepting high interest rates.
>Not to mention the whole lending chain (borrow at 2% lend at 4%, etc) which is feeding a parasitic class
That is true for inflation, taxes, and interest. Inflation is the foundation on which interest perpetuates.

ok, this is sufficient material. based on your post, the CIA has evaluated your cognitive potential and a job has been assigned to you. please report to your closest McDonalds, you will be hired and receive further instructions there.

>please report to your closest McDonalds, you will be hired and receive further instructions there.
No wonder the CIA is going to shit. If all your analysts are coming from McDonalds, there's no real hope for you guys.

>An economy where inflation does not exist can survive with interest
Only if such interest is a private matter of private lenders, not the basis of your entire economy, and still you are allowing such class of lenders to grow more powerful with time. Because allowing interest + time = inevitable banker rulling class. Even with low interest rates it just snowballs due to the zero cost, low effort nature of the lending business.
>Inflation is the foundation on which interest perpetuates.
yet interest existed before our modern economies. It was called usury. Its what allowed this parasitic class to grow big enough to institutionalize this business into modern banks.

>Only if such interest is a private matter of private lenders, not the basis of your entire economy,
Yes.
>and still you are allowing such class of lenders to grow more powerful with time.
Why are these lenders allowed to grow more powerful over time?
>Because allowing interest + time = inevitable banker rulling class.
Yes, but why? Why are they growing more powerful over time?

All you have here is a circular argument. Interest gives people power - people who lend money for interest grow (or are allowed to) grow powerful.

But what is the source? Why do people need to borrow money from private lenders? What need is there?
> Its what allowed this parasitic class to grow big enough to institutionalize this business into modern banks.
That's a very simplistic breakdown of how the current ruling class came to power. They did isolate the population step by step in every direction. Women are now free because of the washing machine? Push propaganda to encourage women to work. Technological progress? Inflate the currency so that even if life becomes easier for people they work just as hard to stay alive.

Interest is just one of the evils - it's not evil in itself. There's nothing wrong with charging reasonable amount of interest for the money you lend - that's your fee for lending your money.

Usury is the prohibition of unreasonable interest rates - not interest itself. Only Islam outright prohibits interest.

>why do you think the central banks are called independent?
because they can't very well go out and say they're in bed with big govt and big corps even though they are, you insufferably smug embodiment of dunning-kruger. that's the whole point of the system, pretend there's independent agents acting competitively to come to the best market outcome (capitalist ideal) while actually behaving like a planned economy with rampant nepotism