Melonius [he/him]

Just buy the corn syrup and iodized salt direct from the manufacturer and skip all these middle men.

The game is kinda meh from what I’ve seen? Any positive impressions?

and each dollar has the same value

The intrinsic value of fiat currency is 0. Double, halve, quadruple 0 all you want makes no difference. It’s function and value is as a medium of exchange.

Imagine a copper based currency. If supplies of copper increase, the intrinsic value of copper falls, so the total value of the currency falls. The extrinsic value is not affected.

If I buy a widget for $1 and my labor is $2, I can be paid in 2 widgets. The money supply doesn’t change that my labor is 2 widgets. If prices are increased on widgets by a capitalist, then I would expect an increase in my labor price (in dollars), regardless of the money supply, because money has no intrinsic value.

I’ll state again that this difference (capitalists choosing to raise prices vs blaming external factors like “money supply”) is not just pedantic. Capital mentions it few times, the fetishization of money and capital accumulation/hoarding cause this belief that money has a function outside of exchange.

To put it mathematically: the rate of accumulation is the independent, not the dependent variable; the rate of wages is the dependent, not the independent variable. Thus, when the industrial cycle is in its phase of crisis, a general fall in the price of commodities is expressed as a rise in the relative value of money, and, in the phase of prosperity, a general rise in the price of commodities is expressed as a fall in the relative value of money. The so-called Currency School* conclude from this that with high prices too much money is in circulation, with low prices too little. Their ignorance and complete misunderstanding of the facts are worthily paralleled by the economists, who interpret the above phenomena of accumulation by saying that in one case there are too few, and in the other, too many wage-labourers in existence.

A transaction for stock is the same as any other transaction. It terminates once money is exchanged. You do not extrapolate what happens after. When I pay my check at a restaurant does the cook run out the door to spend my money or does it go in the register?

I saw your other posts and wanted to point out a few key points.

1. fiat money has no intrinsic value. Doubling or tripling the supply doesn’t change it’s value. Halving it doesn’t make it suddenly more valuable.
2. commodity based currency, like a gold standard, does have intrinsic value. Finding new supplies of gold will reduce the intrinsic value of all gold, so it would see a change from the money supply changing all else equal.
3. you mention it several times in other posts - it is the circulation of money that can (not necessarily) cause inflation. Imagine I sell $10 of goods at market and go home, vs selling $10 of goods then buying $10 of groceries. Money supply is irrelevant to the inflationary effects, so long as there is sufficient currency to account for all goods that are currently traded.
4. post housing crisis, the US money supply increased tremendously during QE, yet inflation was low. Monetarists shrug, but the simple reason is money supply doesn’t cause inflation.

Have you read Capital? It goes through money and velocity pretty thoroughly early on and I think addresses some pretty big assumptions econ classes tend to present.

Since the financial crisis banks have taken deposits and reinvested them at the Fed or other banks. Purchases of stock do not necessarily raise prices either. Prices can fall on heavy volume and rise in light volume.

That’s a paycut in purchasing power.

Only if prices rise. Consider that this island only sells widgets in this currency. Will they raise prices because the money supply has increased? They were “maximizing” profit before, but now the money supply is different and the employee on the island still makes 20 coins. Will selling widgets at a new price point get them more money?

The rich are spending the money

If a rich person gets money, what evidence do you have that they would spend it or invest it? It is not a factual assumption and depends on many factors, and not just in a pedantic way. If market conditions are sour, a rich person would avoid investing it for fear of losing it.

Capitalists are middle men who sell our labor + a product back to us at a higher price. If they don’t need cash right now, they will raise prices and sell fewer units at a higher rate to maximize the margin (on durable goods). If they do want cash, they will lower prices and trade margins for volume. Take oil as an example - if you can sell a barrel now for X or tomorrow for more, you would price the oil higher as long as opportunity cost < selling it lower now. How does other people having more money affect this?

Consider your labor and pretend you are fairly compensated right now. If the money supply increases, do you demand, or at least deserve, higher wages? If so, why?

Money supply is a specific term and it will not always result in inflation. You’ve acknowledged that several times but still repeat it. It will depend how that increase in money supply is used, if at all.

If I got a trillion dollars printed and did nothing with it, no change in inflation. If I deposit it at banks, there would probably be some knock on effects on interest rates that make their way to the broader system.

If I go on a coordinated buying spree of oranges with the explicit goal of owning every last orange and orange producing land possible, inflation in oranges and substitute goods of oranges will occur. Easy conclusion.

You can argue that: When the capital owners get free money in bailouts, while workers get crumbs, there is an obvious disparity. Capitalists see less value in currency and will want more of it in exchange for their contributions (leeching) to society. So they raise prices because selling an orange for $1 doesn’t feel as good as before.

If workers got more money while capitalists got nothing, that disparity is reversed. Capitalists want to compete for a supply of cash that they didn’t have access to before. Prices will rise in inelastic markets because the opportunity to exploit presents itself, but in competitive markets there is a real drive to entice more purchasing. That’s not to say that prices will go down (they can!) But raising your prices on food because everyone got $1000 could mean missed sales if the price raise isn’t coordinated across the industry.

You saying that inflation is driven by money supply is not the direct reason for prices rising.

Megathreads, or just a good popular post in related popular communities can work pretty well until there is enough traction to warrant its own community. A lot of subreddits arose because half the posts in a sub became what was previously a fringe topic of the parent.

Fuck cars but trucks and SUVs are more dangerous than cars to pedestrians, and to argue otherwise just makes you look silly

https://youtu.be/jN7mSXMruEo?t=521

active disinformation campaign at worst

Relax

It’s so fucking annoying when I’m trying to turn and check for oncoming traffic and one of these or its smaller cousins pulls up next to me so I can’t see

Where I live people will park their tanks trucks in the driveway and block the sidewalk. At least they won’t be able to do that here, but I wouldn’t be surprised if people just start parallel parking on the people gutter

I got a holographic original extended Daenerys sex scene!

Any good guides on setting it up?