What do you say to my statements and to those of the one who answered me?
https://www.facebook.com/story.php?story_fbid=3999518050361292&id=2772457006400742
So I told him my idea of using disappearing money and he said it wouldn't work, there was nothing we could do and he was sorry that I was scared (so he said) he said that people are always being scared on the internet because the economy is supposed to grow.
The conversation:
Me: https://www.arte.tv/de/videos/104840-007-A/brauchen-wir-wirtschaftswachstum/
Is dwindling money a good solution to the growth pressure of our economy?
We can save the world, everyone join in!
It works without growth, nature and the environment are important, many already have solutions
Is dwindling money a good solution to the growth pressure of our economy?
I mean money that loses value over time. Inflation occurs when there's more money in circulation. If the money loses value, then it's not inflation, so to speak, and the economy doesn't have to grow.
Yes!
Can you send my idea to politicians abroad and to people responsible for this? Or make a suggestion here: https://ec.europa.eu/info/law/better-regulation/have-your-say_de
Economic growth is often bad for nature and the environment.
Furthermore, without much economy, we would have more people for agroforestry work!
I expressed myself incorrectly, the money should not lose value, but become less.
He: That's nonsense. Swap money is nothing more than devaluation. Inflation has the same effect. Furthermore, swap money and inflation create pressure for spending/investment, which in turn promotes economic growth. Only the "hoarding" of money has a deflationary effect and slows economic growth. Swap money promotes the economy.
Me : Andreas Schendel Asset ManagementI thought inflation meant that there was more money in circulation
To
Andreas Schendel Asset ManagementIf money is hoarded, it slows down economic growth, but it also slows down the need for growth (I mean, it also slows down the fact that we are doing badly if the economy does not grow).
He:
What exactly do you want? To keep us from suffering, or to slow down the economy? Both are difficult, or at least politically unfeasible.
I :
So my point is that the economy doesn't grow without causing damage. Is that possible?
He: Alexander Hübl This is all too superficial. Two most important points aren't addressed: the monetary system and psychology. As long as there are people who want to earn and spend money, nothing will change. That's the real "compulsion." This leads to the founding of companies and other constructs. That's the psychology.
The monetary system is based on the need to incur new debt to repay interest, which contributes to the pressure to perform and can be controlled by key interest rates. However, all of this is intended solely to contribute to economic stability, preventing crises from occurring regularly due to natural economic cycles (upswings/downturns). This is intended to prolong upswings and shorten downturns.
As a layperson, it's difficult for you to get a clear picture, as there are so many different opinions on the subject. I understand that. But I don't know how I can help you.
It has nothing to do with the environment. There are other, simpler ways to protect the environment without causing suffering to people.
Me: Andreas Schendel Asset Management What is it like? I read that if economic growth continues at this rate, we'll be producing eight times as much in 2100. How will we survive then? I've also read that the global economy is under pressure to grow. I've seen that the global economy has grown, and you can see that; in the past, people were content with less. Something has to be done. Can you do something?
He: Alexander Hübl No, I can't do anything. It's not my decision. I'm sorry. I don't know how I can help you and can only advise you not to take everything you read seriously. There are more opinions circulating than facts. The fact that something needs to be done is just your opinion. I don't share it. GDP grows due to inflation even without increased resource consumption and consumption. It's just math.
On the other hand, there is the natural compulsion to consume. Of course, I am constantly compelled to consume. I need food, clothing, a roof over my head, etc. And as the population grows, so does consumer demand.
There's nothing we can do about it. It's up to you, though, whether you want to live in fear or not. I can't say anything more about that.
I
It is important to hear different opinions to get a comprehensive picture. In this case, it seems that the other interlocutor has concerns about the feasibility of your idea and indicates that fears are often reinforced by information on the Internet. It might be helpful to get more information about the concept of money and possibly also ask other experts or people for feedback to get different perspectives. Sometimes different views can help to develop an idea or identify possible vulnerabilities.