Message from @Grenade123

Discord ID: 489538097735008268


2018-09-12 20:28:35 UTC  

Why?

2018-09-12 20:28:57 UTC  

hang on. I know this one.

2018-09-12 20:30:06 UTC  

>stores will sell products nobody is buying

2018-09-12 20:30:24 UTC  

I don't understand

2018-09-12 20:31:02 UTC  

you can go down to there being only 1 dollar in the system, people will just rip the dollar in 2, now you have 2 half dollars

2018-09-12 20:31:48 UTC  

or someone will start using something else as a new currency, or just trade directly tit for tat

2018-09-12 20:32:17 UTC  

Sorry I've that wrong up there.

2018-09-12 20:32:17 UTC  

the worst that can happen is everyone is just focused on providing for themselves and no-one else.

2018-09-12 20:32:31 UTC  

I used to know all this stuff.

2018-09-12 20:42:59 UTC  

So does anyone fully disagree or did I make my case? (I didn't go into specifics even, yet)

2018-09-12 20:45:09 UTC  

I'm not convinced. You are just going to lower the money supply. Why would I spend today when it's going to be worth more tomorrow? I just makes the problem worse. Unless you print money to fill gap. Where that gap be caused by hording or population growth.

2018-09-12 20:45:53 UTC  

do you have enough to afford not spending today?

2018-09-12 20:46:15 UTC  

and will it be worth more tomorrow? everything will be more expensive tomorrow too

2018-09-12 20:47:27 UTC  

maybe it will be worth more tomorrow, but you will get less in return

2018-09-12 20:48:01 UTC  

what you currently own will be worth more, but your income will be less because each dollar will be worth more

2018-09-12 20:48:37 UTC  

Grenade making my arguments for me.

2018-09-12 20:48:50 UTC  

its just logic

2018-09-12 20:49:03 UTC  

money doesn't have value, it is a place holder for value

2018-09-12 20:49:12 UTC  

change the place holder doesn't change the value

2018-09-12 20:49:14 UTC  

Basically that

2018-09-12 20:49:37 UTC  

bread takes x human work to make. therefore it is worth x human work.

2018-09-12 20:49:58 UTC  

And what do you do if you're in debt. The money you borrowed yesterday becomes impossible to pay.

2018-09-12 20:50:29 UTC  

I mean, living within your means is the best option...

2018-09-12 20:51:02 UTC  

why would debt not get negative interest?

2018-09-12 20:51:11 UTC  

because each dollar you pay to them is now worth more than before

2018-09-12 20:51:20 UTC  

Getting a mortage that I can pay is living in my means, it also gives me somewhere to live.

2018-09-12 20:51:25 UTC  

so they don't need to recover your full debt to still make money

2018-09-12 20:51:28 UTC  

Ideally that would be the case

2018-09-12 20:51:58 UTC  

Part of the problem is that we look at the benjamins wrong

2018-09-12 20:52:05 UTC  

And look at work wrong.

2018-09-12 20:52:11 UTC  

Cultural problems

2018-09-12 20:52:14 UTC  

so they don't need to recover your full debt to still make money
thats not how this works.

2018-09-12 20:52:22 UTC  

yes it is

2018-09-12 20:52:36 UTC  

i give you money, you pay me back plus extra

2018-09-12 20:52:45 UTC  

It actually is. You're still thinking of money as a score and not as goods.

2018-09-12 20:53:18 UTC  

Granted EVERYTHING gets messy when you start taking loans.

2018-09-12 20:53:46 UTC  

they may still try and collect on that debt, but then again, you could probably take them to court

2018-09-12 20:54:19 UTC  

we have never really had deflation, that doesn't mean people can;t be reasonable

2018-09-12 20:54:45 UTC  

Real deflation hasn't been tried.

2018-09-12 20:55:15 UTC  

I think it has. It's called a 'hair cut' the Greeks used to it.

2018-09-12 20:55:26 UTC  

okay, not in modern times