"Workers are forced to buy real estate that they don't need"
No, the average worker definitely isn't forced to buy more houses than they live in :D
I mean, it's always been obvious that the "lack of Gold Standard is the real reason workers are poor" is an astroturf movement by the ultra rich who have successfully lobbied for tax breaks for the rich and elimination of worker protections to blame something else [which removing would further benefit them] for the logical consequences of their actions, but the complete failure to understand what an average worker actually does with money is particularly amusing in this subthread. Strong people who don't work for a living cosplaying people who do energy here...
Since falling wage levels literally are deflation it's a bit hard to argue with a straight face that what the workers really need to be better off is a good old dose of deflationary currency.
No, the average worker definitely isn't forced to buy more houses than they live in :D
I mean, it's always been obvious that the "lack of Gold Standard is the real reason workers are poor" is an astroturf movement by the ultra rich who have successfully lobbied for tax breaks for the rich and elimination of worker protections to blame something else [which removing would further benefit them] for the logical consequences of their actions, but the complete failure to understand what an average worker actually does with money is particularly amusing in this subthread. Strong people who don't work for a living cosplaying people who do energy here...
Since falling wage levels literally are deflation it's a bit hard to argue with a straight face that what the workers really need to be better off is a good old dose of deflationary currency.