Message from @RyeNorth
Discord ID: 502010749976051722
That would surely solve all our problems
You're welcome
That'd be authoritarian.
sure, executing the ruling class solves everything
just look at the french revolution
Nah, that would just add massive disincentives to the economy.
The entire point of money is that it's a commodity that is a substitute for other commodities.
Why work hard to be rich? It will just be taken from you.
don't work hard to be rich
work hard to provide something to your community
:^)
If a person grows apples
And that's all they do
All they can use to pay a person for things they need
is apples.
If not everybody needs apples
The person who only trades in apples is fucked.
wat
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.
It's a wildcard commodity.
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
and exchange those apples for more money.
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
trade economies aren't a thing, tbh
Trade Economies aren't practical
aren't a thing without money*
No, they're not.
not everyone wants apples
Exactly.
That's why currency makes a trade economy actually work
some people would die if you give them an "apple"
depends how hard you throw it
currency is also far easier to transport.
My 400 dollars in dollars
is far easier to carry around than 400 dollars of apples
Fiat Currency, at that, is only valuable so long as people are willing to accept it.
well
It's entirely confidence based.
Gold should back all currency
In theory it does, it's just not a share of a stockpile of gold.
Tim recently made a video about a David Graeber tweet
I do think abandoning the Gold Standard was a bad idea.