Message from @Beemann

Discord ID: 489529816144412679


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

2018-09-12 20:20:18 UTC  

Not in Hoarding it

2018-09-12 20:21:32 UTC  

Sorry BTW for dropping such a heavy topic and responding in blurbs. I got called for a delivery...

2018-09-12 20:21:34 UTC  

Unless you make a currency that can be infinitely devisable then yes. The population is going to grow so either the supply needs to grow or the value needs to grow.

2018-09-12 20:22:10 UTC  

If you hoard it, then value of each dollar goes up. At some point, in order to keep hoarding it, i'd need to produce everything i need myself, because otherwise i will need to pay out more than i get in because of the value increase of each piece of money

2018-09-12 20:22:16 UTC  

You did make an argument that lead to inflation, but I think the dispute is in causation

2018-09-12 20:22:26 UTC  

each piece of money i hoard, increases the value of traded money.

2018-09-12 20:22:44 UTC  

Grenades picking up what I'm laying down.

2018-09-12 20:23:08 UTC  

and i can only hoard money if i produce more than I consume, value wise, or i don't consume.

2018-09-12 20:23:26 UTC  

which means i need to produce more for each piece of money i hoard