9
votes
Silvio Gesell, who wanted to create money that expired, is making a comeback
Link information
This data is scraped automatically and may be incorrect.
- Title
- The 'Strange, Unduly Neglected Prophet'
- Authors
- Greg Rosalsky
- Published
- Aug 27 2019
- Word count
- 1669 words
Its an interesting thought, and I like the nod to Keynes in this article; we are taught “Keynsian” economics but are spared some of his more radical ideas in economics classes today.
I do get the sense that rich people will always find something to horde, and taking money away will just be an inconvenience more than anything else. It’s possible that the need to actively manage one’s wealth would result in more trading fees put into the economy, but idk. This is also not something that matters only to rich people. What happens if your friend is getting married next year across the country and you’re saving $1500 to make the trip? Over the year you put about $120 a month away, but at the end of the year, you only have $1000. “Regular people” would need a proxy for savings because you can’t just force everyone to live paycheck to paycheck. But regular people will never have something that rich people cant get. Im skeptical.