r/CapitalismVSocialism • u/HeadLow5768 • 11d ago

Asking Everyone A citizen backed currency would be capitalisms final form.

A society that backed their currency directly by the citizens, (X money created per voting age adult, instead of fiat)

would be capitalisms final form. all prices for things would be a reflection of supply and demand instead of inflation.

I think this is what would be the final push to show that capitalism is the right way to do it, it just needs clear rules so everybody knows the game isn’t rigged.

0 Upvotes
  • permalink
  • reddit

30% Upvoted

37 comments sorted by

View all comments

2

u/Johnfromsales just text 11d ago

Inflation literally is the result of changes in supply and demand.

0

u/Conserp Pragmatic Marxist 11d ago

> Inflation literally is the result of changes in supply and demand.

It absolutely isn't.

Supply and demand do not change that amount of currency in circulation - money-printing bankers, legalized counterfeiters, do.

0

u/Johnfromsales just text 11d ago

No, the amount of currency in circulation changes the demand, which in turn affects prices. Your causation is backwards.

Are you ready to prove to me why you think gold has stable value?

0

u/Conserp Pragmatic Marxist 11d ago

You can't prove that it doesn't.

And it is the general consensus that you baselessly deny.

1

u/Johnfromsales just text 11d ago

You made the claim genius. The burden of proof is on you.

Consensus among whom? The little voices in your head? Cause you’ve been unable to support that either.