The Macro Moment: Elasticity Of Money
Money elasticity is a vital concept that people seem to overlook. The present system is starving for money, especially USD. Since the GFC, the US has only tightened the USD that is in the domestic and global economy. They have locked more money in the banking and financial system, starving the global economy of resources that are needed.
In this video I discuss how most involved in cryptocurrency are completely oblivious to this point. They mistakeningly believe there is a ton of money floating out there due to the Fed etal turning on the "printing presses". Like most things, the masses have it completely wrong.
▶️ 3Speak
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So you mean to say that the money that is being spend on is useless, better use it for good?
Exactly, printing money without using it is like a farmer having a massive rain event but then somebody dams it up and refuses to give it to them
Summary:
Taskmaster4450 discusses the concept of the elasticity of money in this video. He explains how fixed money systems lead to wealth inequality, lack of progress, and financial slavery. Taskmaster4450 mentions that historical fixed money systems were controlled by powerful institutions, resulting in limited access to wealth for the masses. He emphasizes the importance of an elastic money supply in supporting economic growth, technological advancement, and overall progress. The discussion also touches on the impact of quantitative easing on global growth rates and the challenges stemming from a lack of liquidity in the U.S. dollar.
Detailed Article:
Taskmaster4450 delves into the topic of money supply elasticity, shedding light on its implications for wealth distribution, economic progress, and global financial stability. He criticizes fixed money systems, attributing issues like wealth inequality and limited technological advancement to such rigid structures. Drawing on historical examples, Taskmaster4450 highlights how past fixed money systems concentrated wealth in the hands of institutions and individuals, stifling economic growth and innovation.
Furthermore, Taskmaster4450 contrasts the inefficiencies of barter systems under fixed money with the benefits of a flexible money supply. He underlines the role of an elastic money system in accelerating technological progress, enhancing standards of living, and driving overall economic growth. By illustrating the interconnectedness of money supply, economy, and the velocity of money, Taskmaster4450 emphasizes the importance of a dynamic monetary framework to support expanding economies.
Moreover, Taskmaster4450 critiques the impact of quantitative easing on global growth rates, pointing out the consequences of declining money velocity in major currencies. He explains how the lack of liquidity in the U.S. dollar, exacerbated by monetary policies, has led to economic contractions and subdued growth rates globally. Taskmaster4450 argues that the dominance of the dollar as a reserve currency exacerbates these challenges, affecting international financial systems and triggering crises like the Great Recession.
Additionally, Taskmaster4450 addresses the need for adequate money supply to sustain growth, particularly in the face of population expansion and technological advancements. He highlights the immense capital investments in cutting-edge technologies like internet satellite systems, nuclear fusion, and medical research, emphasizing the role of funding in driving innovation and achieving tangible outcomes.
In conclusion, Taskmaster4450 advocates for an elastic money supply to support ongoing economic expansion, technological development, and societal progress. He underscores the critical relationship between a dynamic monetary system, sustained growth, and the advancement of key industries. Taskmaster450's insights into the elasticity of money offer a nuanced perspective on the intricate interplay between financial policies, economic dynamics, and technological evolution in shaping our future.