Message from @RyeNorth

Discord ID: 489528812485476372


2018-09-12 20:04:35 UTC  

I did say money

2018-09-12 20:04:37 UTC  

Paper money has more value than clothe simply coz it's easier to carry and not everyone needs cloths.

2018-09-12 20:04:50 UTC  

fite me

2018-09-12 20:05:30 UTC  

yeah, but its not as durable as cloth

2018-09-12 20:05:33 UTC  

Common currency exists because barter depends on the needs of the person you're trading with

2018-09-12 20:06:05 UTC  

but if you are hoarding value, it means you are taking from others without giving back, which is a drain on the system

2018-09-12 20:06:17 UTC  

currency bypasses that requirement

2018-09-12 20:07:58 UTC  

IF I horde all the money is can the supplier has to make more so there is enough to sever the community. That causes inflation making your cash worth less. If you are just sitting on it, that is.

2018-09-12 20:09:05 UTC  

Why does he have to make more? No exchange has been made that requires that money, no?

2018-09-12 20:10:32 UTC  

If there isn't enough currency is circulation to serve the needs of the community the community will start to use something else untill they stop using the original altogether.

2018-09-12 20:11:02 UTC  

If everyone stopped spending nobody would be buying food

2018-09-12 20:11:16 UTC  

Okay let's break this down though

2018-09-12 20:11:35 UTC  

do i need to pay with money?

2018-09-12 20:11:41 UTC  

There's 1000 dollars in the economy. I hoard 100 dollars of it. Only 900 dollars can be traded

2018-09-12 20:11:44 UTC  

why can't i do something for someone in exchange for food?

2018-09-12 20:11:56 UTC  

^^

2018-09-12 20:12:07 UTC  

Why is the economy going to fail now?

2018-09-12 20:12:18 UTC  

You could, grenade

2018-09-12 20:12:20 UTC  

You can't charge more than someone is willing to pay

2018-09-12 20:12:32 UTC  

Or rather more than anyone is willing

2018-09-12 20:12:43 UTC  

But what reason do you have to do something for someone who has nothing you want?

2018-09-12 20:12:47 UTC  

Or you won't trade

2018-09-12 20:13:23 UTC  

That's the role money fills. It's essentially a shape-shifting good.

2018-09-12 20:14:35 UTC  

Currency would have to scale to what the economy allows

2018-09-12 20:15:32 UTC  

how does one hoard money?

2018-09-12 20:15:46 UTC  

that would imply doing things for people, but people giving you stuff for free

2018-09-12 20:16:20 UTC  

No

2018-09-12 20:16:25 UTC  

How does one hoard rocks?

2018-09-12 20:16:27 UTC  

you get paid for your labor, but you don't pay people for their labor

2018-09-12 20:16:43 UTC  

I sell a product for 10 dollars, I spend 1 dollar on food I spend 2 dollars on services. I keep the rest

2018-09-12 20:16:57 UTC  

I'm now not putting 7 dollars back in

2018-09-12 20:17:12 UTC  

so you produce more than you consume

2018-09-12 20:17:40 UTC  

Yes, and then you store it

2018-09-12 20:17:47 UTC  

and this is harmful....

2018-09-12 20:17:48 UTC  

Or "hoard"

2018-09-12 20:17:59 UTC  

I would say no

2018-09-12 20:19:14 UTC  

Yes it is harmful coz no monetary exists in a vacume. More money will be printed to inlfate your saving aways or people will start trading in things they can get their on.

2018-09-12 20:19:51 UTC  

why?

2018-09-12 20:19:51 UTC  

So poppy

2018-09-12 20:19:58 UTC  

go on

2018-09-12 20:20:09 UTC  

The harm would arguably be in printing more money