this post was submitted on 05 Nov 2023
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Leftism
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All money is free. It is not taken from some limited store, but rather created by government, freely.
The value, stability, and legitimacy of money is sustained by the supremacy of state power. By such power, the government both determines the supply and shapes the distribution of money, and is assured never to be insolvent.
No distribution of money is natural or naturally superior.
Money is a social construct directed by political will.
Price inflation currently occurring is largely due to the political choice to distribute money to corporations.
That is, as a consequence of particular political choices, the already imbalanced distribution has become even more unfavorable toward workers.
If the political will were rather toward distributing money to workers, then prices may follow a pattern of gradual inflation, but as long as workers' income keeps pace, workers would not be harmed by it even in the slightly.
Money is not free. The cost of new money is devaluation of old money.
Devaluation is not a cost.
It is, however, a consequence of expanding the money supply.
In turn, however, expansion of supply is not a threat, because of the various capacities for the government to withdraw money, as through taxation, or central bank policy.