Message from @GoldenPhoenix
Discord ID: 545700325105991710
which I literally gave you, I think your problem is you're tackling nuanced economic concepts which you don't quite understand as a layman, no offense
Also another country can btfo your production and beat you. You need to operate in a global market and compete and deal with fluctuating values. There are no constants
Its the incentive to random science
no, because just because we have this system doesn't mean others would employ it, the plutocracies would commit suicide if they adopted this system because it would undermine their money demand power
it's game theoretically optimal too, since your enemies literally can't use it lest they basically become us over time
Venezuela
venezuela had issues because of cia interference
And many many others
@Vril-Gesellschaft so if I redeem one of your "dollars" what do I get?
Gold?
Even gold was traded it was still an issue
A basket of goods?
India got btfo because cotton picking
And another country got better than them.
By being backed by production, do you just mean I can buy shit with it in the economy?
Euro and usa had to intervene with oil. Y your system it was their turn
Is there anything in the bank reserves?
@halfthink I'll be back in a bit just cooking some boiling macaroni so can't talk
Kk. That sounds fucking good right now
i'm hungry now. your fault @Vril-Gesellschaft
Nazi LARPer expert econ undergrad.
I like him
If i got in another debate with another ancap in this discord ima lose it
Taxation is theft, bruh.
@halfthink >everyone who disagrees with liberalism strongly is a larper
I'm an ancap, nigger.
ancaps are hyper liberals
they triple down on liberalism because they don't know any alternative way
Depends what you mean by liberalism.
@halfthink. Fight me
@My Preferred Pronoun Is Sama run straight faggot.
@halfthink. No u
@Vril-Gesellschaft so how does banking work in your system?
Ok back on topic. Fiat economy based on ability to produce
@halfthink similar to how it did in the Reich
there's interest free loans, only real interest aspect was when dealing in certain trades with other countries
govt makes profit on loans from deflation caused by loans boosting production in aggregate (for example loans for women to have kids)
Elaborate on what the currency is backed by.
If anything
it's not backed in the sense of like "I will give you 1 unit of production for this" but rather its value is that of the marginal rate of production