Message from @Koninos

Discord ID: 694961745998905385


2020-04-01 17:26:34 UTC  

The amojnt of labor

2020-04-01 17:26:36 UTC  

Because they don't have enough money to fix inflation.

2020-04-01 17:26:39 UTC  

The resourse

2020-04-01 17:26:41 UTC  

So on

2020-04-01 17:26:51 UTC  

Those things make a "economy line"

2020-04-01 17:26:57 UTC  

most African countries ended up using pretty much every other currency but their own because of how badly inflated it is

2020-04-01 17:27:10 UTC  

And if you go over that line you get inflation

2020-04-01 17:27:21 UTC  

Because you are trying to buy the same thing

2020-04-01 17:27:37 UTC  

You can also reduce money supply

2020-04-01 17:27:40 UTC  

With taxes

2020-04-01 17:27:51 UTC  

You surely don't understand economics.

2020-04-01 17:28:06 UTC  

Who has the power to create money

2020-04-01 17:28:13 UTC  

I sure can't

2020-04-01 17:28:33 UTC  

Who has the power to tax?

2020-04-01 17:28:40 UTC  

The state.

2020-04-01 17:28:45 UTC  

Yes

2020-04-01 17:29:13 UTC  

And what happens when multiple people tries to buy the same thing

2020-04-01 17:29:13 UTC  

do you understand that if you increase the supply of something it causes the value to drop and that this applies to everything?

2020-04-01 17:29:33 UTC  

Yes, let's tax the people who don't have food and houses, to get them food and houses.

2020-04-01 17:29:46 UTC  

yes, let's print money and magically expect to have 0% inflation, because the Swiss did it.

2020-04-01 17:29:52 UTC  

Yes, Kenya = Switzerland.

2020-04-01 17:30:09 UTC  

to the point of hilarity

https://cdn.discordapp.com/attachments/587028275918929925/694961818539655208/1920px-100_million_front.png

2020-04-01 17:30:12 UTC  

What happens when multiple people try to buy a limited supply of thing

2020-04-01 17:30:48 UTC  

@Royal Chaotic It's value suddenly increases.

2020-04-01 17:31:00 UTC  

And so does its price

2020-04-01 17:31:06 UTC  

Apparently.

2020-04-01 17:31:08 UTC  

Which mean inflation

2020-04-01 17:31:20 UTC  

So as long as you dont reach that point

2020-04-01 17:31:31 UTC  

Inflation is the drop of your currency's value.

2020-04-01 17:31:39 UTC  

Inflation is unavoidable and natural

2020-04-01 17:31:46 UTC  

just try to avoid it when possible

2020-04-01 17:31:48 UTC  

and not say

2020-04-01 17:31:55 UTC  

suddenly add like half a million to the eocnjomy

2020-04-01 17:32:01 UTC  

Well your economy has a limit

2020-04-01 17:32:07 UTC  

A material limit

2020-04-01 17:32:20 UTC  

The amount of labor resouces ect

2020-04-01 17:32:29 UTC  

You go over that limit

2020-04-01 17:32:31 UTC  

Yeah the thing is, the third world countries cannot give houses and food to their people because their economies'limit doesn't allow them to.

2020-04-01 17:32:36 UTC  

You get inflation

2020-04-01 17:32:48 UTC  

They probaly would struggle more