Message from @Hooty
Discord ID: 512078283823775774
Do you understand?
if you deposit that one million, does the bank get a deposit of 0 dollars?
Yeah, my social standing among other people could be worth more, so I could give it to those in need to boost that
can you just take a loaf of bread if it means nothing to you?
Redistribution of wealth
walk into a grocery store tonight and take something that you don't need or want
you're still going to get arrested for taking something that is worth a certain amount of currency
our entire system is built on the idea that a dollar has a certain value
if the dollar's value changed, then it would be impossible to buy or sell anything
Maybe I’m allergic to bread
because nobody would agree on prices
You never know what my values are
that's
*not*
***relevant***
Only I do
Which makes them entirely subjective
you're just gonna ignore all that?
the whole "our system is built on the value of currency"?
You’re ignoring that fact
that spiel?
our system isn't built on the value of currency?
money is just paper with ink
it should be worth basically nothing
but people spend their entire lives hoarding it
to get back into basic economics, the whole use value of currency *is* its exchange value
it is useful in that it is exchangable
people agree on this exchange value
you want to expand the system, more people have to agree on the same value
if you want to take part in capitalism, then you must agree that the currency is worth a set amount
otherwise, you will get nowhere
All the value is determined subjectively by the consumer
do you have alzheimer's or something
if money is worth nothing according to my values, can I just take all the money out of the bank?
You simply cannot know what has objective value or not
can I just ask for it all?
just shrug off their complaints with "it's all subjective"?
Does the value of a currency fluctuate or not?
You wouldn’t be able to make money trading currency if it didn’t
Everything changes in value for a variety of reasons
is that caused by major shifts in values?
a large group of people thinking collectively?
This is why price controls in a socialist system don’t work
As you see in Venezuela
A winter coat is more valuable in the winter than shorts and a T-shirt, vice versa in the summer for example
Money has the utility value which allows you to buy whichever one you choose
for a given situation