If “value” and the economy are essentially man-made, why can’t the world just sort of… Hit pause to avoid global economic crisis?

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I know there must be reasons and this is a dumb question, but I’m a bit of an abstract thinker and have trouble grasping it from a big picture presepctive. Can someone break this down for me? Can’t we all just kind of agree to just kind of… Reset some numbers or something?
Sincerely,
I’ve never taken an economics class in my life

In: Economics

26 Answers

Anonymous 0 Comments

fundamentally: you can’t pause the value people actually place on things. if beanie baby trading were banned 20 years ago and legalized today, would you be willing to pay 2000 prices?

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