- Joined
- Oct 13, 2012
- Posts
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- 355
"Almost inconsequential"? With inflation running at say, 2% a year for the last 5 years, a nurse who's got 1% pay rise over the same time is effectively getting 9% less than they were 5 years ago. That's not inconsequential in my book - it can be the difference between getting by, and struggling.
Yes, in the form of government issued currency...not issued by a private company. That way our tax money wouldn't be going to said private company in interest.
This would not lead to a reduction in credit or living standards.
You mentioned the supply drying up...I don't know why.
Some inflation is essential. It's nowhere near 2%, it's been hovering fairly close to 0% for a year or so and in recent years wage growth has begun to outpace inflation again. That is now at risk.
Nurses receiving poor pay rises is a bad thing. That is a result of government policy.
A 100% reserve system would radically reduce the ability of whoever issues credit to do so. This should be plainly obvious.
I cannot claim to be an expert or understand all the vagaries of banking, but I can refer to experts who know much better than I do. We have made progress as a species by specialising - not by watching conspiracy videos on youtube!