Blaggard wrote:The Transvaluator wrote:HexHammer wrote:That would mean less money for the state, the state is greedy, the cost of these new apartments would be sky high, and wouldn't be feaseable to build.
In order to build affordable housing, the state could just print the money ex nihilo.
However, it might be better to takeover existing housing and make it more affordable.
Printing money is fine but the value of currency depends on the nations actual assets, ie how much precious metals or valuable materials it holds such as gems etc, how much disposable income it can look to, how many bonds. People are probably not aware that a countries currency is actually based on real things. If you start printing billions out when you don't have the assets all that happens is that currency is deflated to the point it is worthless, this happened after the second world war in Germany where they flooded Deutschmarks into the economy on the fly to try to prevent economic collapse: it failed, and all those who owned them in any amount went from rich man to pauper overnight. There are photographs of Germans wheeling wheel barrows filled with Deutschmarks around that were worth perhaps as we would see it a few pounds or dollars. A modern equivalent is Zimbabwe where currently its currency has a 10000% or so inflation rate, because literally they have almost nothing asset wise. Currency is a promise to the bearer that it is worth its face value it is not hence able to be devalued forever, it must ultimately represent an actual value be it gold or bonds and stocks or, 10000000 diamonds.
Printing money doesn't necessarily devalue the currency, it depends.
If it's printed debt/interest free, it doesn't.
Sure, the less rare a thing is, the less value it has, but...
Things might cost more if you print tons of money, but then there's more money to pay for them, so it evens out.
The only problem is when money is borrowed from the central bank instead of printed by the government free of charge, because the governments ends up owing the central bank a ton of money, and it eventually has to increase taxes (that's what your income tax is) to pay for that debt/interest. For the most part, these banks never had any money to begin with, it's liquidity, they're able to loan more than they have, so it's a scam, eventually our economies will collapse as a result, it's inevitable.
We probably have more than enough resources to build millions of cheap houses, the only issue is, money, but money is no issue, it's unlimited, it's only a problem if you have a gold/silver standard or you have to go to private corporations without reserves for your money. It doesn't matter if a banana costs 1 dollar or 100 dollars, you just print more 100 and 1000 dollar bills, and no 1 dollar coins.
