Too much money?Published 10:23am Wednesday, November 14, 2012
Too much money chasing too few goods is the classic economic definition of inflation, the big, bad bogeyman that current monetary policy is intended to protect us from. Creating and un-creating all money through the lending and repayment process is rationalized as necessary to protect us from too much money. Yet, not one single economic problem today is caused by too much money. The problems are caused by too much debt and severe shortages of money.
All we use for money is an evidence of debt owed to a bank. That’s why we have so much debt. How do we restore our economy? Not with more debt. Not by inspiring confidence in the people and their governments to borrow more.
The only thing that will work is to start spending and stop lending the numbers (the money) into circulation. Spend them into circulation as an earned payment to produce something that everyone needs in place of taxing or borrowing. This will increase the money supply with an increase in goods and services without increasing the debt, give us the money to keep the economy working and help loosen the bonds of economic servitude.
Having too much money; it’s probably something you worry about all the time, right?
Spend ‘Em! Don’t Lend ‘Em!