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[–]AnarchySpeach 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (1 child)

why he can't just print more money, but whateva.

cuz it didn't work so well in the ussr, venezuela, or zimbabwe. Value is determined by public scarcity and a populous willing to accept it. It's why diamond companies went into a panic after people started making fakes you could barely tell apart. Whether it's cloth, paper, or a shiny rock, if everybody's got it there's no easy way to barter with it.

If you want a really enjoyable story about the complexities of economics, look no further than Tulip mania.

[–]beermeem 1 insightful - 3 fun1 insightful - 2 fun2 insightful - 3 fun -  (0 children)

oh yeah because Amsterdam