If you try to seize or reduce, what you perceive as excess, wasted money supply, that money supply will simply cease to exist.
This endless money-spinning & the larger monetary system is a big scam to steal from actual productive work. How is it fair to normal people that the whole system is rigged such that if they DON'T indulge in all this gambling (ignore the fact that most retail traders are on the sucker-end of the trade), they lose whatever wealth they've stored to inflation ?
For decades before that policy, a policy even the Bank of Canada holds, inflation was crazy high. The 80s saw inflation, in Canada, briefly hit over 20%, and double digit inflation was a regular thing.
Everyone decided 2% would be a good rate to aim for, that more control was better, to prevent inflation from flying out of control.
Then some dude comes along and tries to spin it like it's a conspiracy to hurt people.
Please, read a little history. Please.
But we cannot just dispute this basic economic model and thinking that 0 or negative inflation (which would cause the stop of investment), or no consensus(that would just cause more chaos) is better. That's just absurd
Really.
https://www.statista.com/statistics/1032048/value-us-dollar-...
If you care to check my claim on it not monotonically decreasing in value. Look at 1776-WW1.
I didn’t say anything about excess money supply, though, were you responding to a different comment?
Ypur original comment spoke of, what might be best thought of as leeches on society.
But just as a leech sucks blood, so too is that blood easily replenished. Money is literally unlimited, compared to blood replenishment.
You could literally destroy 100 trillion of "money", and various US banks would just make more.
I get what you're saying, and the view of individuals in the system, but it's meaningless on larger scale.
Anyhow. Enjoy the weekend.