Comments by "" (@Cloud_Seeker) on "What Causes a Recession or Depression?" video.

Ofc you can destroy the value of a currency. The value is just a arbitrary number at the end of the day. Spain did that with all the Gold they got from the Inca.
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I just want to point out that only things such as hyper inflation is when the government counterfeit money. Inflation is actually a sign of a growing economy. When there is more things and transactions in an economy, you actually need enough money to do the trade. It doesn't matter if everyone at a farmers market have everything you can even want, if there is a total of 100 dollars between them all to actually make the trades with. Everyone will just wait as everyone go around on a Zelda trade mission go get enough money to buy what they actually want. You can get just as many economic problems from deflation as inflation. Deflation might just be the easier problem to solve as you just print more money. My point is that inflation is not always counterfeiting money. You can't keep having a growing economy when you can't have a money supply that grows with it. So what if a single dollar can have the same value as 100 dollars today if you can't actually find a dollar to trade with in the first place. This is actually a massive problem with the Gold standard. The Gold standard can only increase the money supply by digging up more gold. The fiat system allows governments control the money supply very quickly and it will not be affected by someone just showing up with a massive amount of gold and make all money worthless. Like Spain once did.
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@LibertarianLeninistRants Dude. the soviet union had mass starvation before and after that. The Soviet union exported so much wheat that the people starved which lead to the Tambov Rebellion. It ended in mass arrests and executions. In the 30's the Soviets oppressed the Kulak which were more richer peasant. These Kulaks were murdered, arrested and sent to concentration camps. The people only found out the hard way what have happened when there was no more food and new starvations happened. The Soviet Union most likely didn't have a economic crisis in 1929 because they where already far below that. You can't go much lower then starvation and famine.
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@LibertarianLeninistRants Dude no. The Soviet Union had no economy. Everyone survived on starvation rations. Remember that the whole world though that the Soviets will just fall over when Germany invaded. They didn't think that because they had a good economy. Remembered that Stalins change from rural and agricultural society to industrial required massive amounts of deaths. You can't call a economy from people starving to death to not starve to death as much a "growing economy". Their whole economy was in shambles for political reasons. They avoided the crisis because they were already in one. You can't get burnt to death if you already burnt to death.
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@LibertarianLeninistRants Pretty sure that starvation because people do not have enough food counts as growing. Dude. People was murdered and starved to death. It was in shambles because Stalin forced the whole economy to change in a inorganic way. You also forget that there was a famine in 1932-33 because of lysenkoism. The idea that you can tell plants to be good communists and share resources to produce better and more corps. The west might have had economic crisis, but the Soviet had death.
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@Di Fox The Russian Empire did not have man made famines that was created and planned to be famines before. It is well know that all across the Soviet block the Communists created famines knowing full well that they will create a famine. Millions starved to death just because Stalin and many other communists wanted to force a agricultural nation into an industrial nation without having to do the groundwork it required. Sweden is one country that managed to do that very rapidly. You also assume that no other capitalist country had famines under the same period. There is a reason why people started to eat their own children in Russia during a famine while in Australia they started a war against the Emu empire.
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@Di Fox Look up the soviet famine. A great cause was the the execution "liquidation" of the kulaks. Richer farmers that produced food. It isn't a belief that this happened. It is more a debate if this famine is an act of genocide or not. Also look up the Holodomor. A man-made famine in Soviet Ukraine. It is well recognized and even publicly honored for those that had to suffer in Ukraine today. To deny these famines are man made is on the same level as denying the holocaust. It is as well sources by first hand accounts. By those that had to live through it.
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@TheImperatorKnight ""My point is that inflation is not always counterfeiting money." Of course it is! That's literally what it is!" - Incorrect. The difference between a poison and medicine is the amount. You are not always poisoning your patient. Inflation isn't always bad. If you inscrease the amount of goods and services being traded you also have to increase the money supply. If you do not you will have a very valuable currency, but it is only valuable because there isn't enough of it to go around. Money in itself is a commodity. The point of money is the following: 1. Be a medium of exchange 2. Be seen as value by everyone using it, even if it doesn't have its own value. 3. Be readily avaliable to work as a medium of exchange. Massive inflation fails number 2 but fix number 3. Massive deflation solves 2 but fails 3. "Deflation isn't bad. In fact, it can be quite good,..." - ofc it isn't, but it can be. Money is worthless if you need so much of it that you can't use it. Money is also worthless if there isn't enough in circulation so people can use it. Deflation isn't good or bad, same thing goes for inflation. They are neutral terms that depend on the situation. If everyone is hoarding money the money in circulation will decrease. If people hoard to much you actually can't use the money because it is all hoarded. You need money to be able to trade. You can go around using IOU's all the time. Everyone can't have a bar tab. The problem you have TIK is that you have a childish understanding of the issue. A black and white thinking. Inflation isn't 100% bad and deflation isn't 100% good. I rather have 100 bucks that I can spend then the promise I have 10 bucks as soon as someone else gets paid.
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@mikegillihan4546 Apart from that you fail to understand what the point of money is. Money is a medium of exchange. You need to actually be able to have that medium in your hands to be able to use it. That is why you can't estimate how much money it cost to build a Ship Of The Line by just adjusting for inflation. If you do that you completely fail to understand what economy they had, and what you have.
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