Re: THE RANT THREAD!
Outside of the personal dilemma, that I feel quite miserable over, looking at that sad, F'd up reality in a more general sense has added a bit of heat to my blood.
That is to say, with a market economy that really depends on certain values appreciating, not depreciating, why is there even the possibility of something becoming more worthless? It stands to reason that the lack of appreciation is enough, all by itself, to reflect a depressed economy. Simply put, say x is valued at $100,000, the economy fails, appreciation stops, and time shows that x, still valued at that same $100,000, was not a good investment. But no. That's not how it works. The constant, be it gold, silver, a house, isn't constant at all, simply because of the fluctuation of the meaning represented by a dollar.
If the dollar isn't constant, the things it's supposed to represent, those real commodities, can become entirely valueless. To which, the idea of simplifying the barter system with some agreed upon definition of a chunk of numbers, doesn't work.
"I'll trade you this brand new tractor for some dental work, on my kid."
"Uh. No. How about the new tractor for two pieces of string and a ball of lint?"
"Deal!"
I loathe economics.
Originally posted by B. de Corbin
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That is to say, with a market economy that really depends on certain values appreciating, not depreciating, why is there even the possibility of something becoming more worthless? It stands to reason that the lack of appreciation is enough, all by itself, to reflect a depressed economy. Simply put, say x is valued at $100,000, the economy fails, appreciation stops, and time shows that x, still valued at that same $100,000, was not a good investment. But no. That's not how it works. The constant, be it gold, silver, a house, isn't constant at all, simply because of the fluctuation of the meaning represented by a dollar.
If the dollar isn't constant, the things it's supposed to represent, those real commodities, can become entirely valueless. To which, the idea of simplifying the barter system with some agreed upon definition of a chunk of numbers, doesn't work.
"I'll trade you this brand new tractor for some dental work, on my kid."
"Uh. No. How about the new tractor for two pieces of string and a ball of lint?"
"Deal!"
I loathe economics.
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