1y ago

Temporarily embarrassed millionaires pt. 2

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money is a lie, it has no value.
- Agreed. When I need a medium of exchange, unit of account, and/or store of value, I just use
  
  i too love using throughout my day, it's especially useful during situations.
- Not really a lie, just an agreed upon standard of exchange. Money has no value in the same way that a gram has no meaning...its simply a measure of value (or mass) that we all agreed to use to allow society to function.
  Things fall apart pretty damn fast when the guy that owns the gas station can't sell fuel to the farmer because the farmer only has corn to trade, and the fueler doesn't need corn right now.
- Go to the store and get some food without it then.
  
  Money has no value if you can run fast enough
  
  you dont need a store to get food.
  
  Ok. Get your garden and your animals for livestock going without spending a dime.
  
  even then you could probably manage that relatively easily.
  
  ....no. not really. You are not going to get cows and pigs and whatnot completely free. You are not going to grow enough food to feed both them and yourself easily.
  Capitalism sucks ass but its the system we live in. You can't just say 'nope I could make it all happen for free'
  
  i mean, it wouldnt be easy, but it's definitely not impossible.
  
  Just because millions of people fall for the same trick doesn't mean it's anything but just that.
- The value of money is in its utility as a means of translating temporal activities into physical assets. It is a method of accredited accounting and useful as such.
- I mean sure money itself is just a token, but it's an evolution from trading goods and services for other people's goods and services, right?
  You trade your time for tokens to exchange for something valuable to you, instead of being paid in food/accommodation directly.
  I don't think you'd be happy if you went back to the days where you needed to trade actual items to get a loaf of bread.
  
  i mean yeah, this is true, but you should go and try explaining the economics of the stock market, crypto, or government debt to someone from the medieval ages.
  The amount of exploitation of the market that has happened since the invention of currency as a concept is amusing.

202 comments