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Under Argentina’s New President, Fuel Is Up 60%, and Diaper Prices Have Doubled (www.nytimes.com)
submitted 2 years ago by [M] to c/worldnews@lemmy.ml
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[–] 18 points 2 years ago (1 child)

Neoliberalism is a zombie ideology. Read a book: The Shock Doctrine

Printing money only devalues a currency when there’s no taxation to subsequently shred the money.
Second Thought: Why the Government has Infinite Money

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  • [–] 2 points 2 years ago (1 child)

    Printing money is like borrowing it from the taxpayers.

    If there's hyperinflation, it means that said loan isn't being paid back, far from it actually.

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  • [–] 8 points 2 years ago (2 children)

    There wouldn’t be any money for taxpayers to pay if the government hadn’t first printed it and spent it on goods and services, eventually ending up in the paychecks of taxpayers .

    Hyperinflation is now well understood, and printing money is not, on its own, the cause.
    PEGS Institute: What Caused Hyperinflation In Weimar, Zimbabwe And Venezuela?

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  • [–] 3 points 2 years ago

    Of course it wouldn't be there, I'm not saying that the government spending money at all is bad.

    What is bad is the government spending too much money, so much that they introduce way too much money into the economy, making the rest worthless.

    Obviously it's a combination of factors, but printing (and then introducing) a shitton of money will have very direct effects on the value of the currency.

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  • [+] 0 points 2 years ago* (last edited 2 years ago) (2 children)
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  • [–] 1 point 2 years ago*

    From David Greaber’s and Michael Hudson’s work, I think I have a better understanding than most.

    Whether or not you need a government to manage money is neither here nor there. The specific monies that the US & Argentina specifically have are sovereign fiat monies, which are controlled by their governments.

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