Message from @Undead Mockingbird
Discord ID: 542783758747566099
My family still values me. I have value and that value is expressed in the money they would exchange for my life.
Capitalism expresses whatever values the people within it hold it.
It's like electricity. It's not good or bad. It's whatever people choose to do with it.
I agree with that. In a free market the cost of living shouldnt exceed values
It wouldnt work, right?
It cannot exceed it.
Any system of economy simply "economizes" what value there is.
If you are on an island and have a 100 coconuts, you can put whatever price on them you like, but it doesn't mean you ever have more than 100 coconuts.
I can miscount, and as long as i never correct myself, ill have more
100 coconuts is alot to keep track of.
Im sure you know why i said that
I'm still not sure what it means that the value of something exceeds something. You seem to be thinking in terms of fixed money supplies.
I think people have the wrong impression where prices come from.
They are an expression, ideally, of the values we place on things.
Yep. I did say that as well
If a life is so valuable that you cannot compensate for it with all the things in the world that is one thing, but that doesn't depend on what price tag you assign to things.
The price tag can never "exceed" any supply. It's purely fictional.
It totally can
Show me how.
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Also even back in the days the had to put those ridges on coins
Because ppl kept putting cheaper materials to make gold/silver coins. Thats why they bite into them in the movies
The ridges made sure they werent counterfeit
There are ways to lie
Also with youtube, the view number is inflated due to bots etc. Its almost all of social media
Yes, you can defeat the purpose of money.
And supply as well
You can mess with prices and we do in many ways. Rent control, minimum wage and so forth are typical ways in which we disrupt the price signals in a market.
Without goverment interference
But as far as the role of money is concerned, it simply expresses the relative value people assign to it.
If 100 coconuts cost $100 or $1 each on that fictional island doesn't really matter.
The fact is that the relative value of all coconuts is the same.
If you introduce another good that people would trade two coconuts for, it means the price is going to be twice that of a coconut.
So, I am confused when people talk about something "exceeding" the total economic value.
Id honestly prefer trading goods over currency. But it would slow the market to a crawl
The value is already accounted for.
What is being expressed is the relative value first and foremost
Techincally yes. You pay w.e you want for sonething
And if you have a currency pegged to gold, it's the relative value to gold.
I know what your saying