Usually the value of our money is determined by gold
Correct me if I'm wrong 😂

The gold standard sadly no longer exists

😔

but answer tho... how do you determine the cost of something without cash?

who decides what is valuable

Hmmmm.... hmmm... you actually seem to be right. I don’t know.

you could trade but money is standardized which is why it's useful

The closest thing I can think of that would replace money is back to the classic bartering system

you are given, at least this is how it worked when it worked, everything you need, and a kinda allowence of purchasing power equall to everyone elses

That’s what I was thinking, too.

But money is technically part of that bartering system

But it’s not cash, it’s salt!

money has so many uses. it's not just a medium of exchange

Or apples! Or bottle caps! Or whatever else you think has value.

Well technically currency is a representation of our labor and if we just evenly distribute the worth of your labor even though some have worked harder and therefore earn more, than people ain't gonna like that and it just won't function. Might work with robots tho

But the more you have if something, the less valuable it is

Pinecones aren't a valuable currency

I would use pinecones in my own little society hehehe

They could be if we gave them the status of currency

pinecones are really common so the value would be really low

like 1k pinecones is a dollar

if it was gold it would be different

That’s a good way to determine value. The rarer it is, the more value it has. It’s actually fair.

or copper

some socialists like to argue labour points and they buy commodities with this. however this still doesn't take into account of scarcity without weird measurement systems

That's true, and that's why people need to freaking learn what inflation is

Labor points is just rebranded cash

you have to predict your outcome every time... it's just weird

well there's no demand and supply in socialism so not really

I didn't know about inflation till recently and figured out why the if money grew on trees it would be as valuable as air

all work is not equal either

Inflation is basically when a state prints money for no reason at all.

<:troll_face:726878856585281557>

there's 2 other reasons. demand pull and cost push

The "Federal" Reserve be like "What's inflation?"

Exactly, Libs need to learn that crap

also if you make one item currancy than the person already working to something can control how much is produced

Ikr 🤣

*Money printer go brrrr*

We can’t just print out more money to pay debt. Also, paying debt has catastrophic consequences on the country.

Do they really learn anything though?