You can print as much money as you want, but in a decently working market economy, things of equal value will end up with around the same price.

Alright you guys, start fightin'.

We're trying.

Michigan Union types think Californian Actors Guild members are lazy bumfucks who get all the accolades for doing nothing valuable. The Californain Actor Guilds think the Automakers union members are deplorables.

But we haven't had enough beer, yet.

And where are the ice cubes to throw at each other?!

This should help.

https://www.youtube.com/watch?v=KUjx8UtcKQ4

What kind of mosh pit is this?!

@Undead Mockingbird Exactly. Money isn't the important signal. It's all in the relative pricing of resources.

Right.

The economy is a distribution system. Not a money system.

people have a different concept of money

Some see it as a commodity, if you have lots of money you can do a lot, you can print it, you can steal etc its just an object with value

Others see it as a compensation of work

If there are 4 coconuts on an island and there are $100 in circulation, each coconut is worth $25. If there's $1000, they each are worth $250.

Is the sand worth nothing

Is labor worth nothing?

the coconut is as much worth as i'm willing to pay for it

Can you get new coconuts?

How much labor do you have to invest to get a cocounut?

That's your cost of labor.

Good luck opening the coconut in such a way that you keep all the milk.

Right.

This gives the rocks worth.

Gotta find a good rock.

And there's the complexities of real world markets coming in.

But it's not like we just pick prices.

That's why it's so hard to centrally plan price signals.

thats because central planning revolves around assuming people will pay for a fixed price

What we just hashed out packs more understanding of economics into the space of two pages than the entire knowledge of Marxist economies.

It also assumes the cost of production is entirely predictable, for every product in the field you control

Yes.

Marxism has no economy

This is why Hayek calls it hubris. There's no conceivable way that a central authority can know the intimate details of every transaction to the point where they aren't throwing darts at the proverbial board

this is why all those commie people / ideas in business always fail

Entirely blind lol

Well, what if there was?

Have you guys seen Death of Stalin. lol

Let's say we have enough computing power to do so.

Let's write a computer program that perfectly allocates resources.

I've been tempted to go watch it

The Marxist Dream Machine!