- Joined
- Dec 24, 2018
Alrighty, I know we've probably run out of room, but let's add "currency inflation" to the list of things Bob doesn't understand.
Inflation of a nation's currency is simply the law of supply and demand (i.e., the more of something there is, the less it's worth) writ across a nation's entire currency. I'll give you a real simple example: suppose there were only ten million dollars in existence, and you owned one million of those dollars. You would own 1/10 of the money supply. Now, supposing you did absolutely nothing with it, suppose the government printed another 10 million. You still have your million, but now you only own 1/20 of the money supply, or half of what you used to.
Now, imagine this going on continually, as the government constantly prints out new money, and your share of the money supply is growing increasingly smaller with each day. That is the situation every developed nation is in right now. (Buy gold and silver, and a gun if you possibly can.)
As for why President Lukashenko is a halfwit, it has nothing to do with a socialized economy (as fellow halfwit Bob thinks), but where the value of that money comes from. Currency, in and of itself, is simply a means of exchange and isn't worth anything. The goods and services currency is exchanged for are what give it its worth. Inflation is too many dollars chasing after too few goods and services.
Let's expand on my previous example. Suppose there's exactly one person who reshingles roofs, and the procedure costs $10. The government doubles the money supply, but nobody else steps up to reshingle roofs. In other words, no new value has been created; in fact, the value has been destroyed, since no new job was created, and the value of the money supply is halved. Therefore reshingling your roof now costs $20.
Incidentally, this is why "muh jerbs," as Bob disparagingly puts it, are important. Jobs create value and offset inflation. When the printing of money outstrips the creation of new "jerbs," inflation occurs.
Unemployment rate in the USA measures how many jobless people are actively looking for a job. The real unemployment rate (i.e., all jobless people, including those living on the government dole) is probably 20% or higher.
Edited because spelling isn't my strength
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can profit while the manual laborers can be rounded up in minecraft and sent to the Gulag of the Soopeeryah Fyootchah. The fact of Robots working (unpaid) in manual labor jobs will somehow fund the UBI (Universal Basic Income) Bob so desperately wants. 
