WelcomeUser Guide
ToSPrivacyCanary
DonateBugsLicense

©2024 Poal.co

589

(post is archived)

[–] -1 pt (edited )

@NaturalSelectionistWorker (Including you so you can yell at me.)

Hitler's money (via currency) didn't work. His gold reserves were depleted due to his grand social works. While I support most of what Hitler was trying to accomplish, his economic theory was stupid. Money cannot be tied to labor. There is no known value of one given labor over another (how much is digging a ditch valued over brain surgery per hour?). EDIT: I fucked up here. How does labor per hour (under Hitler) make a ditch digger the same as a brain surgeon per hour? That is what I meant to say. Capitalism obviously says they get paid at much different rates.

Money's purchase power versus goods and services is more like the stock market. You have bidders and sellers, and eventually under a stable system, the goods and services settle at a given price, regardless of the medium of money ... think bitcoin, think gold, think US dollars. The medium of money does not matter. EDIT: And I fucked up again. The medium of money does matter depending on its intrinsic trust. Some might not even accept bitcoin, for example. This shit is complicated.

When you buy something from someone with money, you're giving them a symbol that represents the good they've done for you and the amount they're owed for it. -- NaturalSelectionistWorker

Completely wrong. The notion everyone subconsciously knows is this: If I accept this medium exchange, I expect to be able to buy another good or service at its going rate tomorrow (or some day later) at the expect value. That is the purpose of money. Stability of future expectation of money's purchasing power.

If the system is all fucked up like Zimbabwe, no one trust the system, and no one wants the "money." Black markets for merely money arise.

Anyway, I am not an expert, but I am saying that NaturalSelectionistWorker is not an expert either. Go read some books on economics or somethings, haha. EDIT: Even if you read every economics book in the world, you still won't know shit. The topic is so complex. Even @NaturalSelectionistWorker will probably agree with me that modern economics are mostly all wrong. E2 (and I'm done): Because they are mostly now commies and leftists churned out by the socialist university propaganda wing of the ...

[–] 1 pt

So Hitler didn't get his country out of debt?

[–] 0 pt (edited )

That depends on what you mean. I am saying, to my knowledge, Hitler burned through Germany's gold reserves.

"Debt" is a difficult question. If I owe you a lot of debt and tell you I am not paying it, did I get out of debt? If might is right on my side, I think I did!