#Exchange Rate Currency

[fishbloc]

Are the charms completely random? If you order 14 of the charms will you get all of the designs? ^-^ Just wondering. Also, what will the price range be for them?

yes it will be random since im trying to emulate the essence of playing a gachapon machine!!

there will be an option to get all 14 designs with a discounted price. i still need to work out the price range for this between taxes, production cost and the time ill spent assembling them. also because i do wanna throw in a bonus goodie in there i just need to plan accordingly 💭

the estimated price im aiming for one is 7USD right now. there will be a bundle of 6 you can get that will have a slight discount too and you can have a guaranteed outcome along with it!

edit: i should mention any estimated prices doesnt include shipping!!!

[goresevraq]

what gets me about the whole "piracy is always wrong bc you're stealing from indie artists, even if you're broke or from a country with an unfavourable exchange rate" thing is like. that's literally corporate shareholder nonsense talk. this person was not going to buy your book anyway. they don't even have the money to give you. you're getting mad about hypothetical revenue that was never going to happen in reality. this is what execs do when they complain that profits are lower than projected, then call that lower-than-expected money a """loss""". now that doesn't mean the indie artist is the exact same thing as a corporate executive, but it does reflect certain material relationships i think. small businesses are not exempt from capitalist logic and all that. like if someone was reselling your work i'd be more understanding, but "some guy in chile is reading my book without giving me three weeks' wages in return" is not exactly a moral high horse.

[soup-mother]

I know i talked about how it's often unhelpful to tell people just to google things if you can't tell what google is actually going to show them, but sometimes people do ask me things on here that are so far deep into "you could just Google this" territory that I barely know how to respond

[goneatlas]

i was on the website for this bookstore here that has dare i say every single book in existence…… and i thought hey maybe polar exploration books are niche enough maybe they won't have them. nope. they Do have them. am i going to fall into this rabbit hole too? um

[thewardenisonthecase]

god made me brazilian because if i was american or european, i would spend too much money on art of my ocs.

[rhysintherain]

I really need to start thinking of clothes as a resource scarcity thing so I get rid of more of them.

Like, rather than think "of course I should keep this vest, I wore it one whole time this year!" Think "I have like a million vests and I only wear half of them. Maybe other people would also like vests and I should give some away?"

Because I get away with a lot by living alone in a whole house, but I 1000% have way too many clothes.

Also on a completely unrelated note, I just impulse ordered another vest.

[romans-empire]

What is Clover holding in your profile picture?

It's a Clover plush! My pfp is a screenshot I took of one of the frames from Viviiyon's Clover plush preorder announcement!

[bravest-notts]

my midst evangelist mutuals will be happy to know i started listening today! it's very good so far. really cool worldbuilding, very interesting setup getting slowly dripped in over time. they do a great job of setting up the tension where i'm sure that these background class frictions and political motivations are going to boil over at some point in the near future but as of right now, i can't begin to guess what that tipping point's going to be.

[liu-yu-xin]

Wait how much did u pay for ur wayv tickets in Macau did you get them firsthand or off somebody else

I didnt manage to get tickets for day 1 and i asked my cousin to see how much the scalpers were selling them for and even the scalpers had no tickets left and i was DEVASTATED but then they announced day 2!!! and the scalpers reached out BEFORE the tickets even went on sale and listed their prices and it was literally 5-7x the official prices but i was ready for round 2 and had my brother and my cousin help me get in the queue on 5 different devices and i just bought the first tickets that became available i didnt even look at the price and found out it was $250cad when i got my credit card notification lol

[ladyloveroll]

me: "1000 yen means $100 right?" *writes it in fic*

me tomorrow: no. it means $10.

me: *PANIC EDITING ON AO3*

[stickers-on-a-laptop]

that coffee is like. yeah expensive but normal expensive? it's not $20 is what i'm saying

[vanishintoyou]

international bank transfer die

[bobbinalong]

gonna finally update my commissions post tomorrow

[sprachspieler]

Good morning and thank you for the picture of the bee! I didn't know anything about carpenter bees, but they are quite interesting.

Structuring the posts is probably a good idea. So I'll start with some minor comments, then there's the main section about money creation, and lastly a brief note about money-as-power.

Minor comments

You see both check and cheque in NZ. For that sort of word, I think generally older people use the British spelling and older people the American spelling. Though it's sort of a moot point, since they've pretty much entirely disappeared in the last few years.

A note about small transactions: I can definitely see that it'd be difficult to get the police to go after someone for stealing a small amount. My disagreement is that I don't think this makes sense as a cause of inflation. I doubt any firm (or whoever sets the prices) has thought, "Oh, there's a lot of money around nowadays. The government won't be able to enforce the value of all of it. I'd better raise prices." Possibly it works as an abstract interpretation of what inflation represents, like a sort of metaphor. But then we get into very philosophical questions about how theories relate to the world.

Money creation

I'm not really sure if you don't understand how commercial banks create (non-physical) money or if you do understand the process but just view it differently, so I'll try to cover both possibilities.

Say Alice, Bob, and Carol all have an (at the moment) empty bank account with the same bank. The government prints $100 and gives it to Alice (I suppose she works for the government). She deposits the $100 in the bank, so the bank records $100 in Alice's account. The bank might then loan Bob $50, which it does by just recording in its ledgers that Bob has $50 in his account and owes the bank $50 at a later point in time. Alice and Bob then buy goods from Carol, which costs them all their money. The bank records that Carol has $150 and Alice and Bob have $0 each.

The crucial step for commercial bank money creation is the loan to Bob. When a bank lends, it just declares that the borrower has however much money in their account. They need to have enough currency in their possession to allow for withdrawals, but beyond that the sum of demand deposits is not limited by currency. That's how money is created.

I think you probably view the extra $50 as fake? I argue that a definition of money where that's the case is suboptimal* because (1) people can actually spend it to buy goods and services (favours if you want to be an engineer about it), (2) they can do this simultaneously (without the extra $50 being backed by an extra $50 of currency), and (3) it comprises the majority of money in our economies and is the way in which most transactions take place** (and the definition of money ought to recognise how transactions actually occur).

*I think definitions can't really be false, but they can be worse in various ways.

**It might differ in the US, but I don't even remember the last time that I used cash.

There is a sense in which the money is in a superposition of states that might collapse (or something; I don't know physics), but that is specifically if Alice and Bob want to convert their money into currency. As long as they're happy to keep it in a demand deposit, it's all fine. (And I wouldn't characterise money in a bank account as being unobserved, since it can still be spent, as above.)

Summarising, my contention is that:

Banks create more demand deposits than the amount of currency that exists.

Even when multiple people's money 'comes from' the same currency, they can still spend all of that money.

Because this money can be spent, it is 'real' money.

So not all 'real' money is created by the government.

Last bit

I think also I might've been conflating your theories about power/money and those about where money comes from. I don't have much of a specific disagreement with the former, but I have a technical disagreement (or maybe it's just semantics) with the latter. There is some connection between the two, but I don't think they're the same. You can still understand money as power without asserting it is all created by the government.

It's so weird to me when people are like 'but that will cost the government money!' So what? They're the government, they're supposed to be spending money. What, you want them to take your tax dollars and then do nothing with it? Lock it all up in a big government vault and just look at it? Why are you so scared of giving a third grader lunch or a homeless person a house.

[priyashareindia9]

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[10bmnews]

Re pares loss on RBI move, up at 85.37/$ - Times of India

MUMBAI: The rupee recovered sharply on Friday to close at 85.37 against the dollar after touching an intraday low of 85.85, helped by dollar sales from public sector banks acting on behalf of the RBI.The domestic currency closed at 85.71 in the previous session.Despite the late recovery, the rupee posted its steepest weekly decline in recent weeks, losing nearly 1% as geopolitical tensions…