Why ShiftCTRL

TLDR: The way our current money system works leads to inflation, harms savings, increases inequality, reduces economic freedom, distorts market prices, and encourages risky behaviour. This makes it harder for everyday people to thrive and maintain financial stability.

Money is BROKEN

In today’s world, we use fiat currencies, which means the money we use isn’t backed by anything physical like gold. This has created several economic problems.

Inflation

Governments can print as much money as they want. When they print too much, it leads to inflation, which means prices go up, and the money we have buys less. This reduces our purchasing power and lowers our standard of living. In extreme cases, this can lead to hyperinflation, where prices go up so fast that normal life becomes very difficult.

Impact on savings

Inflation doesn't just make things more expensive; it also eats away at our savings. The money we save loses its value over time, making it harder to plan for the future. People are often forced to spend quickly or take risks with their money to try to keep its value, which can undermine their financial security.

Economic inequality

Inflation tends to benefit those who get the new money first, usually banks and wealthy individuals. This is known as the Cantillon effect. By the time the rest of us feel the effects of more money in the system, prices have already gone up. This increases the gap between the rich and the rest of us.

Loss of economic freedom

When governments and central banks control the money supply, our economic freedom is reduced. If a government wants to fund a new project, like funding a war, it can simply print more money instead of raising taxes or using budget surpluses. This bypasses the need for public approval and careful budget management, reducing government accountability and citizens' influence over national interests.

Distorted prices

Inflation distorts prices, which are supposed to signal supply and demand. When prices don’t reflect what’s really happening in the market, it becomes harder for us to make good economic decisions. Our efforts and sacrifices can feel less meaningful because the economy doesn’t accurately represent our actions.

Encouraging risky behaviour

When money is easy to come by, it can lead to reckless financial behaviour. Banks and companies deemed ‘too big to fail’ might take big risks because they expect government bailouts if things go wrong. This can lead to moral hazard and cycles of economic booms and busts, making the economy unstable.