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Comment by miloignis | Hacker News Reader

Printing money is a tax on you, that's what inflation is - and you don't even get to grade things via tax brackets.

It's not really, though. We can be 74 zelenskys in debt, and no one really cares. We can always find more zelensky or manufacture more from thin air, it's really no problem for us.

People do care when inflation goes up! Everyone complains when food and gas and rent costs more. The issue with printing money isn't being 74 zelenskys in debt, it's having massive inflation. Venezuela can print as much money as it wants, but they're in hyperinflation and it's terrible.

> We can be 74 zelenskys in debt, and no one really cares

Except for basic demand and supply. The more of those "zelenskys" you have around, the less they're worth.

Military leverage. Deaths-per-dollar is functionally converted to zelenskys.

You have a fundamental misunderstanding of inflation.

E.g Let's say you need 1 WikiToken to read a Wikipedia article. However the Wikimedia prints 10 Billion Tokens and distributes it to entire world for free. Next year it prints 20 Billion more and so on Will the cost of reading a Wiki article go up? No. Because we have excess capacity for serving Wikipedia articles

Every cost in this world boils down to labor and if AI/Robots take over then cost of labor is 0 or in other words we have excess capacity and we can print in abandon.

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