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Expiring money sounds hard to enforce. It clearly wouldn't expire after it was spent or transferred. So how do you guarantee that it is spent/transferred to something that isn't a savings vehicle?



Of course the money would flow to safe havens an accumulate there. Besides all the known issues with UBI, a populists' favorite.

This thread demonstrates vividly how little the average person understands about economics and finance, even in a place like HN.


>So how do you guarantee that it is spent/transferred to something that isn't a savings vehicle?

Would you sell your gold for expiring money? The exchange rate would be much worse than the regular one.


Hyperinflation basically achieves this.


> Hyperinflation basically achieves this.

I don't think so. I think the idea they want the money to lose its value only if someone hoards it. If it's spent quickly enough, it retains its full value now and in the future. That's not how hyperinflation works.


Hyperinflation is an economy wide collapse in production though.

If every human in the nation lost trust in the currency but there was enough production capacity to feed everyone then exports would rise until the currency appreciates to normal levels again. However, most nations suffering from hyperinflation don't have enough products to export in the first place.


I suppose you pay it as taxes, or banks pay it as interest to the central bank. It does seem odd though.


Wouldn’t a ledger be a path to solving this?




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