@meglide No. Not monopoly money. We are playing with electronic credits like in Eve Online, or Star Trek Online, or any other virtual reality game. Monopoly is still thinking in the mechanics of the 1800's.

fiat is fiat, doesnt matter if its on paper or on a computer

@ImNotGas, you just advanced to level 5!

yes but I'm an old guy and in Monopoly it says in the rules if the banker runs out of money he or she just needs to print more

I prefer Napoleonic openings. And knights are worth less than bishops because you cannot checkmate with just a knight and a king.

@Whithers yeah like knowing what to trade for what is fine, but i'm still a little slow in the analysis on like waht lanes i'll open up or what counterattacks ill trap myself in

@meglide That ignores the connection between currency and production. There is a connection. And it is possible that our debt problem is not caused by debt, but by failing to accurately assess the value of production. By always pushing to the law of the minimum pay out, we short both the hired and the tax revenue.

Napoleonic openings make you queen to vulnerable right at the beginning especially if the opponent catches on to what you are doing

i like the french defense but that napoleonic opening looks like it would just delay your development

Yeah, I still like using Napolean or Napolean reversed.

have u used the fried liver attack?

its gimmicky like that but still lets you develop normally if it doesnt work out

a fiat currency is fiat precisely to break the connection between currency and production, that is its purpose

Napoleon is dropping tempo to the foe in order to create exchange traps.

@meglide Neither possible nor desirable. Currency always works as a unit of value in exchange for
production.

?

thats the point of FIAT currency and keynesian economics

you get more productivity for nothing

Understand. And the other pt to Keynes - no one would use what he was saying correctly because it allowed too much abuse on the "free part" from govt.

well the problem arises when the maker of the fiat currency floods the market with new, freshly created (out of thin air) currency and thus devaluing the currency and artificially increasing the cost of production either through increase asset prices or increased commodity prices or both

but they did that with papermoney too

they can put any number on a bond

and give it to a bank

Gold standard anyone?

wont happen

ship has sailed

though i would still recommend having a bit of precious metals

i made a tidy profit with covid and the riots

I suspect that the problem arises from inaccurately assessing three values: 1) the value of available material assets for production, 2) the value of man hours available for production, and 3) the value of non-productive economic dependents which need purchasing power available (stay at home spouse, children, disabled, retirees). Ass these and cap the total currency in the market based on that assessment. Then leave the exchange open to allow necessary latitude for entrepreneurial activity.

We can mass produce sufficiently to cover all needs on less than 20% of the total population. We just don't know how to include the 55 to 65 % of the population that are adults we do not need for production.

And we can cover that and still have surplus to sell over seas/beyond our borders.

@ImNotGas Think I lost you.

How did Trump get unemployment down to 3 % if 65% of the population is not needed?

sorry watching yt, playing bannerlord on my computer and a chess game on my phone

Because Unemployment is only based on those applying for unemployment benefits.

It is not based on total employment of the population.

oh yeah

total employment vs unemployment is always a good statistic to show people

the share of population able to work that is not

Able to work does not mean needed to work.

5k years ago, needed 10 people working so 9 could survive. Now we need 1.5 to 2 working so 10+ can survive.