+45

The concept of money is wild, amirite?

100%Yeah You Are0%No Way
Alixkasts avatar Money & Economics
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People don't realize how crazy it is!

@Milkzey People don't realize how crazy it is!

Literally paper and metal, created by humans of course, that controls the lives of the majority of the people on planet. You can always count on the people in charge to make life fun for the rest of us!

Definitely not imaginary.

Also the concept is really smart. It assigns worth to every task.

@Boknows12 Definitely not imaginary. Also the concept is really smart. It assigns worth to every task.

Explain to me how it wouldn't be imaginary when it had to have been conceptualized by someone with no prior basis for a $ value, by definition it's made up. Also I never said it wasn't smart, just wild how engrained in our existence it's become.

@Boknows12 Definitely not imaginary. Also the concept is really smart. It assigns worth to every task.

The value given to currency and the way we manage exchange rates is all a fallacy. Nothing is based on real world value of labor. It's all derived from the profit margins the corporations desire. The world's economy has been manipulated by these controlling parties for far too long, resulting in a caste system of wage-slavery. To maintain the status quo.

I imagine the initial concept was just like:

"Hey, prove you deserve this food and I'll give it to you."

"I worked for it. My boss gave me this as proof."

"Cool, did your part for the community. I'll take the money, here's your food."

Now it's all jacked up.

@Icy-layer I imagine the initial concept was just like: "Hey, prove you deserve this food and I'll give it to you." "I...

Yeah like a bit more advanced barter system with a fixed value. Now it seems like it's just like hey it's been 15 years let's hike these prices baby

@Alixkast Yeah like a bit more advanced barter system with a fixed value. Now it seems like it's just like hey it's been 15...

Well, the lever that would really work here would be raising the minimum wage. Otherwise, currencies inflate or deflate based on economic activity and currency demands. If people suddenly refused to hold US dollar denominated assets you'd see a massive increase in price level

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