• SCB@lemmy.world
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    1 year ago

    I couldnt force myself to read this entire thing because it’s full of very incorrect gems like

    They create new things and make a demand for it.

    That’s not how demand works at all

    The guy paying his mortgage isn’t creating value -

    You know these things aren’t up for debate right? Like whether or not value is created is a fact, not an opinion.

    Your worldview would be less weird if you understood the actual world . I mean cmon-

    This is like age of mercantilism economics, this is why money is minted,

    Really?

    And money isn’t valuable because of intrinsic trust - you have to be able to buy things with it or it’s just paper.

    How stoned were you when you wrote this?

    I’ve seen some things on this site man. Some people totally unhinged from reality. This one might take the cake.

    Lol Jesus dude I want this cross-stitched and framed

    This is like age of mercantilism economics, this is why money is minted, and they used carved shells, beads, and pretty rocks pretty much everywhere beforehand. The value of money is the value of all the stuff divided by the money in circulation, and the king would hoard and spend to keep things healthy (ideally)

    • theneverfox@pawb.social
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      1 year ago

      … Ok dude, I literally got that from a macroeconomics course.

      But you’ve just called me crazy a bunch of times, I left a bunch of tidbits for anyone who sees this later, and you haven’t really made any argument. Maybe something I said will pop into your head later, you’ll crack a book to attempt to disprove it, but I accept I’m not going to educate you today.

      But let’s hear from you - there’s one answer I’m really dying to hear.

      What is value?