didn't know about Germany having a problem but not surprised

UK is clearly waking up, double that with Article 11 and 13. and Trump is doing nothing to help

well, help the EU

I've seen a couple of his vids but mainly just when I come across them, I'll give him a watch. Yes there is a Euro skeptic rise across the EU, most of which has come to a head coz Brexit gave them the balls. When this is all said and done and we are still under their thumb it will die off. The smaller countries would find it near impossible to leave. Merkel may be the figure head but she is by know means the one in charge. They aren't worried in the slightest. If they were then they wouldn't keep running their mouth about more integration.

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'Hoarding money' isn't harmful. Chang my mind

Withholding money arbitrarily ramps up inflation doesn't it? It's theirs to save, but keeping it out of the economy drives inflation up

Opposite, actually.

The economy is geared towards constant instant spending, which is probably a really bad idea tbh

If everyone stopped spending no one would be able to get paid. A countries economy is based off the movement of money. Not how rich one person is.

It becomes an absolutely bad idea when you factor in the reliance on debt

Hoarding money? or hoarding value?

So, money only has value based on shares of goods and labor.

money is nothing more than cloth like paper

It *should* but it's also representative of currency manipulation

Money is a neutral representation of goods and labor

"neutral" is a big word though, just because, actual value is subjective.

Inflation is based on circulation right?

rather currency in circulation

@Blackhawk342 most are agreed now inflation is caused by excess money supply.

So yeah, too much in circulation basically.

Money only has value if it is used. A 4tillion yen note is useless to me down the village shop. Just as useless as a billion ponds sitting in the bank I'm not going to spend.

The value of an item is based on what people will pay for it

Money is in no way neutral, nor is it representative proportionally to the goods and labour of a nation. You'd be right ages ago, but now the government controls the rate of value increase artificially

Modern cash is fiat based, not output based

And yes, the value of an item is exactly what people will pay for it, no more and no less

hoarding your labor, which is the closest you get to any actual value, is harmful to yourself and those around you as you are not effective at acquiring everything needed to live, and neither are those around you. Those effective at something will produce more results than those around you doing the same task for the same period of time. By shifting focus from being a jack of all trades to a master, more can be produced overall in the same amount of time, allowing buffers to be built up to prep for future problems

Or rate of value decrease rather

Money is "neutral" because everyone will accept it, but its value is pretty much subjective, which is why market prices fluctuate--what people will pay varies.

Rye, if hording money is not a bad thing and everyone does it the money supply dries up and no one can use it so they would start to use something else and your horded money loses value until it it worth nothing.

That's contextually based. I don't accept my wages in Yen, for instance

@Poppy Rider money is nothing, value is what is important.

I know

which is why i asked, hoarding value, or hoarding money.

It is the trust we put into it that gives it value.

unless you are low on cloths, hoarding money doesn't hurt.

He said money

^^

money is cloth like paper

doubt hording bolívar fuerte in Venezuela is hurting anything

I did say money

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