Economics 101

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Anonymous
Economics 101 2016-10-08 22:01:45 Post No.
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Economics 101 Anonymous 2016-10-08 22:01:45 Post No. [Report]

Let's say there's this country in the middle of the ocean with its own currency.

It's a banana republic and has only one export: blueberries. In one year it produces 10 tonnes of blueberries and sells them to nearby countries for 100,000,000 /biz/coins.

From the perspective of this country, all that happened is they've dumped 10 tonnes of export into the ocean and inflated their currency.

Couldn't have they done this without having sold anything?

Anonymous 2016-10-08 22:12:22 Post No.1552756
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Anonymous 2016-10-08 22:12:22 Post No.1552756 [Report]

>>1552743
the other country had to buy the /biz/coins off you in the first place in order to buy your blueberries. if it's "your" currency.

Anonymous 2016-10-08 22:20:03 Post No.1552767
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Anonymous 2016-10-08 22:20:03 Post No.1552767 [Report]

>>1552743
It didn't inflate their currency, because for the other countries to pay in their currency, they must trade currencies first, meaning the coins have to already exist. They'll end up with foreign currencies to now import with.

You could always read a book?

Anonymous 2016-10-08 22:22:30 Post No.1552770
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Anonymous 2016-10-08 22:22:30 Post No.1552770 [Report]

>>1552756

Ah that makes sense. So your currency becomes stronger.

Now let's say a bunch of Chinese immigrants start doing businesses here, if you pay them with your currency, then they'd have to sell it to use it in China. Doesn't that decrease the value of the currency? In which case, why would you let any other nation trade within yours?

Anonymous 2016-10-08 22:23:19 Post No.1552773
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Anonymous 2016-10-08 22:23:19 Post No.1552773 [Report]

>>1552767

Name a book for somebody who doesn't understand how money works at all.

Anonymous 2016-10-08 22:27:27 Post No.1552784
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Anonymous 2016-10-08 22:27:27 Post No.1552784 [Report]

>>1552773
Wikipedia.

Anonymous 2016-10-08 22:42:30 Post No.1552803
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Anonymous 2016-10-08 22:42:30 Post No.1552803 [Report]

>>1552770
You let immigrants in because they have skills you need.

A good economics book should cover international trade.

Anonymous 2016-10-09 00:38:15 Post No.1552949
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Anonymous 2016-10-09 00:38:15 Post No.1552949 [Report]

>>1552743
>/biz/coin

YOOOOOOOO!!! Let's start this yo, this sounds straight legit

Anonymous 2016-10-09 00:41:00 Post No.1552953
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Anonymous 2016-10-09 00:41:00 Post No.1552953 [Report]

>>1552949
I doubt there are even a hundred regulars on this board and no outsider would want to use our shitcoins.

Anonymous 2016-10-09 00:43:44 Post No.1552955
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Anonymous 2016-10-09 00:43:44 Post No.1552955 [Report]

>>1552953
I would use our shitcoins to tip other posters.

It has to be an infinite coin with no difficulty so the points are meaningless.

Anonymous 2016-10-09 00:51:41 Post No.1552963
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Anonymous 2016-10-09 00:51:41 Post No.1552963 [Report]

>>1552955
Would proof of stake accomplish that? I don't really know how it works.

Anonymous 2016-10-09 00:51:50 Post No.1552964
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Anonymous 2016-10-09 00:51:50 Post No.1552964 [Report]

>>1552955
You mean a "psychological point"

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible. Read more on this topic here - https://archived.moe/talk/thread/1694/

I'm aware that Imgur.com will stop allowing adult images since 15th of May. I'm taking actions to backup as much data as possible.
Read more on this topic here - https://archived.moe/talk/thread/1694/