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    Carmelics

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    LoyalLoyalJusticeJustice
    Made withinDC&Austin
    Statements
    321,452
    Perspectives
    108,905
    Topics
    42
    Home/Original/inverse
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    Inverse View

    It is not the case that Altering monetary denomination without corresponding adjustment in obligations transfers real wealth from creditors to debtors by sovereign fiat.

    ?Set your confidence on the premises below to see your aggregate.

    Reasons For

    1 perspective
    Reason for
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    • 1.Creditors anticipated inflation risk when setting nominal rates; observed transfers reflect market expectations, not unexpected fiat seizure.
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    • 2.Debtors also benefit through asset appreciation and wage increases that often exceed inflation, complicating claims of unidirectional wealth loss.
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    • 3.Monetary redenomination (e.g., 1000:1 conversion) preserves real obligations if all prices and wages scale proportionally, transferring nothing.
      ?

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    Reasons Against

    1 perspective
    Reason against
    ?
    • 1.Nominal debt obligations remain fixed while currency value declines, so debtors repay with less real purchasing power than originally borrowed.
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    • 2.Creditors cannot adjust interest rates retroactively to compensate for unanticipated monetary changes, creating asymmetric wealth transfer.
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    • 3.Only sovereign authority can unilaterally redefine currency units, making this a unique form of non-consensual contract modification.
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