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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I'm not sure I follow.

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

But the precise number is still arbitrary.

And prices are adjusted to best make profits to get ppl to buy them

The value of any coconut cannot ever "exceed" anything but a fictional limitation you put on the monetary supply.

But then you have already defeated the purpose of money at that point.

But money needs goverment to hold itself up, even before the federal reserve

The reason my coconut has value is because its observable

Money needs to be reliable.

Same for w.e i trade it for

It's a promise.

The fact the goverment failed to trade the bills for gold was on then

But it didnt change the fact money was still needed for a healthy market