If liberals are so smart why don't they know our Progressive economic system funds war?
http://inflationdata.com/inflation/Inflation_Articles/Inflation_War.asp
Wars almost by definition are inflationary. This has been true since almost the beginning of time.
Inflation is determined by the quantity of goods vs. the available money supply.
See The Definition of Inflation
The very nature of War results in the destruction of goods. But in normal times money is spent to produce goods which makes the world a richer place.
During a war, however, things are produced but… they are not productive things but destructive. The money is spent to destroy things. Often this is combined with an increase in the money supply in order to pay for the destruction.
This increase in the money supply combined with a decrease in goods is classic inflation.
More Money + Less Goods = Inflation
Less Money + More Goods = Deflation
More Money + More Goods = Flat Prices
In ancient times the money supply was expanded by adding base metals to the coin of the realm. Perhaps lead or copper to the Gold.
One of the earliest civilizations to debase its coins was Ancient Persia as it financed its war against Greece.
In this case, it didn’t work and Alexander the Great used the riches he captured to finance his own war on Asia.
At its peak Alexander was paying his Greek army half a ton of silver per day.
Later Rome debased its money fighting against Carthage - and eventually suffered so much inflation, it weakened its defenses against barbarian attacks.
The Anglo-Saxons used debased coins to buy mercenaries…
William the Conqueror (the Duke of Normandy) used the same tactics to launch the Norman Invasion. Which resulted in Norman control of England.
Then the British used debt to fight Napoleon…
The American Colonies lacked coinage and decided to print Continental Currency to pay for the war against Britain (instead of raising money through taxes). Congress authorized the printing of 2 Million Dollars worth of Continental Currency.
Interestingly, the currency was easily counterfeited so Britain fought back by printing more of the currency (counterfeits). Not to spend but simply to destroy the value of the currency. They actually gave them away to anyone traveling to other colonies for the price of the paper involved in printing them.
We are literally repeating history again and people actually think they are progressives. The irony would be hilarious if it wasn’t such a detriment to our future
Yes, it is corporatism. WTF do you think our economic system is?
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They prefer to think all war comes from "republicans."
It’s far more simple than trying to learn about the nuances of reality.
I am pretty sure it is corporatism that leads us to war
well progressive-ism does not have to be corporatism — corporatism is the trade off we made between libs and cons and is the corrupt middle ground
and it is a political system not an economic system — we have an economic system of mostly capitalism with some state capitalism and some socialism
so does current AMERICAN DRUG ABUSE DUDE.
Scarcity of resources causes war.
The economic system is irrelevant.
Yes most everyone knows that. This is no revelation. You don’t throw the baby out with the bathwater. @Socrates - yes most wars are little more than the conservatives in different nations executing their policies. It’s all military this, sword rattle that, global hegonomy with that political philosophy.