Skua

joined 2 years ago
[–] Skua@kbin.earth 5 points 4 months ago

The common traditional view is what's callled the "quantity theory of money". It basically says that the amount of money in the system relative to the amount of stuff people are trying to buy with that money is what determines the value of the money. When governments add more money to the system faster than more stuff is being bought, the value of each unit of money goes down because you've got more money per stuff overall.

This quantity theory is not universally accepted. Central banks nowadays tend not to try to add specific amounts of money to the system, they just tell other entities in the economy (like the government or other banks) what it'll cost them to take a loan from the central bank (which effectively makes new money and adds it to the system). If you borrow £1,000 from the bank at a 5% interest rate, the bank does not need to get that £1,000 from anywhere, it can just say "we'll back this up as money that you have when you try to spend it, and people trust our backing so they'll take the money". This means that there's a new £1,000 in the system that can now be spent when there wasn't before. As you pay the loan back that money is effectively deleted (barring stuff like the value of the interest or defaulting on the loan).

Central banks nowadays basically pick an inflation rate that they want to aim for and adjust interest rates up and down until the inflation rate gets close to that target. If interest rates are high, taking a loan is a worse deal and fewer people do it, so less new money is added to the system. If they're low, the opposite. This gives the central bank a fairly powerful tool to affect the inflation rate.

The reason central banks want inflation is to discourage the hoarding of cash. If your money will always be worth a little bit less tomorrow, the sensible thing to do is buy things that you want to buy sooner rather than later. If there is deflation, where the money becomes worth more instead, suddenly the sensible thing to do is hold off from buying things for as long as possible. All of a sudden everyone that could be buying things is doing their best not to and there's way less economic activity going on. However, you also don't want too much inflation because ordinary people rapidly become unable to afford things and eventually everyone loses faith in your currency. If that trust is lost, the whole point of the currency is lost and it becomes worthless. See the Zimbabwean dollar for a notorious example of this happening.

Sometimes countries also want their currency to be worth more or less for the purposes of getting better deals in international trade. If your currency becomes worth less compared to other currencies, it becomes a good deal for other countries to buy things from you. It also becomes a worse deal for you to buy things from other countries for the same reason, so you need to figure out what you're buying and selling where.

Other stuff can throw a spanner in the works, of course. During covid, for example, we were suddenly producing a lot less of a lot of stuff that we still wanted the same amounts of. Everyone initially had about as much money as before but there was less stuff to spend it on, so sellers were suddenly able to charge a lot more for each unit of stuff because they might as well just sell to the buyers that will pay the higher price if they only have a limited stock of stuff. This is basically the quantity theory coming back again in a sense, but unintentionally. The interest rate adjustments sometimes cannot manage to cover these effects; see, for example, Russia's current sky-high interest rates as they try to compensate for the effects of the enormous amount of military spending they're doing.

[–] Skua@kbin.earth 50 points 4 months ago (1 children)

I am 100% making fun of him and/or clapping deliberately off-beat

[–] Skua@kbin.earth 2 points 4 months ago (1 children)

Aww that sucks, what an unfortunate experience

I actually only first played it in 2020. I had missed it when it first came out, and then a museum near me happened to have a big exhibit about it. I jumped in and out with several different people throughout the trip, but I hadn't been expecting a partner, just cooperation when we were near each other. I did have someone to stick with for the very last part, at least

[–] Skua@kbin.earth 2 points 4 months ago

Only about fifteen or so. A few are bot accounts that I don't want to see, a few sent me spam during the whole Fediverse Chick thing, and the last few are just regular people who aren't doing anything necessarily wrong but who I just find tiresome and unpleasant in some way or another

[–] Skua@kbin.earth 5 points 4 months ago (4 children)

The game that somehow managed to make random online co-op not toxic

Also you just got me to realise that Sword of the Sea is actually out literally today

[–] Skua@kbin.earth 6 points 4 months ago

17776, especially the start and end (you do not need to care about American football at all to enjoy this story)

[–] Skua@kbin.earth 3 points 4 months ago

No idea about the honesty of the show, I just remember my mum being a big fan of it and always really wanting to see someone just go through the boxes in order of 1 to 22

[–] Skua@kbin.earth 4 points 4 months ago

I thknk playthroughs can make a lot of sense for some games, but it realy depends on the game. Like if it's the Last of Us where the primary appeal is the story and there's little in the way of plot-relevant decisions made by the player, you don't lose much at all by not being the player. That makes sense

OP is asking why people aren't watching playthroughs of stuff like Majora's Mask where half the point of the whole thing is solving puzzles, though. I'm pretty sure they'd have asked me about the decision-heavy RPG I mentioned if I hadn't pre-emptively answered

[–] Skua@kbin.earth 3 points 4 months ago

Are you familiar with the Skywind project? If the team can actually finish it, that might be just the thing you're looking for

[–] Skua@kbin.earth 3 points 4 months ago

When I feel up to it. Right now I'm enjoying Shadow of the Erdtree, and I have my sights on Crypt Custodian too

[–] Skua@kbin.earth 3 points 4 months ago (2 children)

Tyranny. It is the thing that has been in my steam backlog unplayed for the longest because I have simply not yet felt ready to consistently commit the mental effort to the idea of "you are an enforcer for a horrible evil empire that has already won"

OP, I have not watched a playthrough because it is an RPG, making decisions myself is a huge part of the appeal. I want to get invested in my version of the character and how they think. If I wanted a story guided by someone else I could just pick a film to watch

[–] Skua@kbin.earth 3 points 4 months ago

It hurts my brain, but in a good way

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