Message from @RyeNorth

Discord ID: 502010749976051722


2018-10-17 06:47:02 UTC  

That would surely solve all our problems

2018-10-17 06:47:13 UTC  

You're welcome

2018-10-17 06:47:14 UTC  

That'd be authoritarian.

2018-10-17 06:47:42 UTC  

sure, executing the ruling class solves everything
just look at the french revolution

2018-10-17 06:47:48 UTC  

Nah, that would just add massive disincentives to the economy.

2018-10-17 06:47:56 UTC  

The entire point of money is that it's a commodity that is a substitute for other commodities.

2018-10-17 06:47:58 UTC  

Why work hard to be rich? It will just be taken from you.

2018-10-17 06:48:30 UTC  

don't work hard to be rich
work hard to provide something to your community

2018-10-17 06:48:32 UTC  

:^)

2018-10-17 06:48:35 UTC  

If a person grows apples

2018-10-17 06:48:40 UTC  

And that's all they do

2018-10-17 06:48:51 UTC  

All they can use to pay a person for things they need

2018-10-17 06:48:53 UTC  

is apples.

2018-10-17 06:49:06 UTC  

If not everybody needs apples

2018-10-17 06:49:17 UTC  

The person who only trades in apples is fucked.

2018-10-17 06:49:30 UTC  

wat

2018-10-17 06:49:55 UTC  

The point of money is that a person can exchange their apples for money, and use that money to buy things from people who don't need apples.

2018-10-17 06:50:20 UTC  

It's a wildcard commodity.

2018-10-17 06:51:02 UTC  

And so long as currency is used and exchanged, a person who is willing to take those apples to another market can continue to buy apples from the person who only grows apples

2018-10-17 06:51:19 UTC  

and exchange those apples for more money.

2018-10-17 06:51:29 UTC  

The entire basis of capitalism.

2018-10-17 06:51:34 UTC  

that scenario is already assuming that money of some form exists
in a gift economy, or any society without money, he could just distribute the apples as needed, and be given what he wants if others won't miss it

2018-10-17 06:51:51 UTC  

trade economies aren't a thing, tbh

2018-10-17 06:52:06 UTC  

Trade Economies aren't practical

2018-10-17 06:52:07 UTC  

aren't a thing without money*

2018-10-17 06:52:13 UTC  

No, they're not.

2018-10-17 06:52:14 UTC  

not everyone wants apples

2018-10-17 06:52:18 UTC  

Exactly.

2018-10-17 06:52:26 UTC  

That's why currency makes a trade economy actually work

2018-10-17 06:52:28 UTC  

some people would die if you give them an "apple"

2018-10-17 06:52:37 UTC  

depends how hard you throw it

2018-10-17 06:52:39 UTC  

currency is also far easier to transport.

2018-10-17 06:52:49 UTC  

My 400 dollars in dollars

2018-10-17 06:52:58 UTC  

is far easier to carry around than 400 dollars of apples

2018-10-17 06:53:19 UTC  

Fiat Currency, at that, is only valuable so long as people are willing to accept it.

2018-10-17 06:53:33 UTC  

well

2018-10-17 06:53:35 UTC  

It's entirely confidence based.

2018-10-17 06:53:46 UTC  

Gold should back all currency

2018-10-17 06:54:06 UTC  

In theory it does, it's just not a share of a stockpile of gold.

2018-10-17 06:54:33 UTC  

Tim recently made a video about a David Graeber tweet

2018-10-17 06:54:41 UTC  

I do think abandoning the Gold Standard was a bad idea.