Inflation Equals Money Over Intelligent Work

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Systematic
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Joined: Wed Feb 04, 2015 5:29 am

Inflation Equals Money Over Intelligent Work

Post by Systematic » Sun Jun 21, 2020 1:53 am

i = m / w

Where:
i is inflation; m is money; w is intelligent work.

I am bringing this up, because many people seem to confuse absolute socialism with an ideal form of government. The reason why it is not a good idea to pay everyone, whether they work intelligently or not, is that it causes mass inflation. Of course, printing money also causes inflation, but not for the same reason. We saw that in effect in Germany after WWI. They printed excessive amounts of money, and they got mass inflation.

But a similar thing happened with inflation in the Soviet Union. Basically, the capacity to do intelligent work decreased, and they got mass inflation as well.

In case anyone is innocently thinking that inflation does not matter: I am not talking about slow inflation where the money in one year is worth slightly less than the money last year.
It is possible to have such extreme inflation that the money does not buy anything anymore. Or buys barely anything. Also it is possible that the money in one's bank account, however much that might be, is essentially worthless.

Switching gears a little, I would like to talk about situations that impede intelligent work. In the Soviet Union it was not just that intelligent work did not actually pay well and the lack of motivation inherent. It was also that if you did not obey someone from the ruling party when they ordered you to work stupidly, you were forced into the work camps. I think that it was likewise a problem that obedience was mandatory that caused the infamous Chernobyl disaster.

In the U.S. we are facing a similar problem within corporations and businesses. Direct supervision often produces much less intelligent work than, in the long run, allowing workers to figure out their own job. I cannot prove whether they are doing it on purpose or not. Perhaps people just hate me in particular. That's another possibility.

The principal still remains: Laziness or unintelligent work lowers the buying power of money.

Enter the concept of slavery. Slavery tends to produce people that do not work very intelligently. They are often uneducated or poorly educated, and they cannot buy the things or services to de-stress from their work. And similarly, people without much of a wage tend to get a lot of unresolved stress and forget or neglect most of their own educational resources.

I would like to mention that I have not here made a complete list of situations that can stop or impede intelligent work. But I believe it to be a much overlooked factor in finance.

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