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

Money is an abstract concept, but it is tied to things that are absolutely real. When you monkey around with money in the way you are thinking its a bit like a carpet with a wrinkle in it. You can push the wrinkle about, but you cannot get rid of it. Someone is always going to be left short.

Think about it this way. If you and your friends all agreed to do chores for each other, and the chores you had to do were recorded on slips of paper, what’s to stop a slip from getting destroyed or new slips made? Nothing right? Except that destroying a slip means a chore doesn’t get done, and creating a slip means a chore gets done twice. There are real world consequences to those slips of paper with bits of writing on them.

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