We are developing the social individualist meta-context for the future. From the very serious to the extremely frivolous... lets see what is on the mind of the Samizdata people.

Samizdata, derived from Samizdat /n. - a system of clandestine publication of banned literature in the USSR [Russ.,= self-publishing house]

Samizdata quote of the day – money isn’t wealth

“If money is infinite, why is there poverty?”

Because money isn’t wealth. It’s a claim on wealth.

You can print claims. You can’t print the goods and services those claims are supposed to buy.

Give everyone $10 billion and nothing gets richer. Prices just explode until that “wealth” buys nothing.

Poverty isn’t a shortage of paper.
It’s a shortage of production.

Printing money doesn’t solve that. It hides it for a moment, then makes it worse.

Rock Chartrand

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