If you are interested in my theory, outlined in the MANIFESTO OF THE NEW ECONOMIC THEORY then I can write a book or an article for your order to be published in your journal.
Suppose that the government has resorted to printing money. Most often this is done in order to overcome any crisis. First, as a rule the most money is received by structures which need it most of all. That is, the structures that either do not add entropy, or do it in a minimal volume. Taking into account the subsequent inflation, it is hidden redistribution of entropy from those who know how to receive it, to those who can not.
But if you
need to get out from under the collapse, who do you trust your pick and other tools? Those who know how
to use them and walk quite well, or those who have never used them and could
barely walk? Of course, the money issue should be directed to the most
successful projects and companies. No matter how paradoxical it may sound: to help
the most successful has proved that they can multiply the investment. But in
fact the opposite is reality- the state takes away the tools of those who would
use them efficiently and gives them to those who can not. Can you predict the effectiveness of such
emissions?
They often say about the impossibility of refusing to
help unprofitable businesses because of the danger of rising unemployment and
increasing social tensions. But then it is even more necessary to provide
financial support to profitable businesses so that they can expand and create new jobs.
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