A sequel to Thorn Explains: International Currencies.
Universal basic income does actually work out this well every time it’s been tested.
Personally, if I was guaranteed a basic income, then I probably would quit my day job, yeah. And then I’d likely be recorded as “unemployed”…because I would be working full-time on something that doesn’t pay a lot. Which, according to capitalism, doesn’t count.
If you like Leif & Thorn, and you do appreciate how much time I spend making it for free, maybe throw the artist of your favorite net-comic a few dollars on Patreon?
Leif: Follow-up questions and comments about money stuff: go!
I wouldn’t be surprised if Ceannis has policies in place to, say, actually help homeless people or something…
Thorn: We have universal basic income, yes! Everyone can afford decent housing.
Leif: Wait, what? If people aren’t under constant threat of homelessness, how is anyone motivated to work??
Um . . . to get anything beyond your basic needs? Vacation trips? Takeout? Birthday presents? Pet supplies? Sending the artist of your favorite net-comic a few crowns on Gemnmo?
If anything, the chronic stress from living in constant fear seems like it would make people worse at working, not better.
How do you pronounce “Gemnmo”?
Thorn: Very carefully.
Little concerned about the mention of no longer using paper currency – does really everyone have access to a smartcrystal and no reason needed to covertly acquire some spare cash?
Thorn: It’s not like we banned paper currency . . . I just haven’t seen anyone use it for a while. If I worked retail, it would probably be a different story.
Woman in Black: I am literally unbankable, and I just use hard currency chips everywhere. Seems way more convenient than carrying around stacks of paper.
Dex: If you did want to do some covert trading, you might find a digital record is much easier to erase than a literal paper trail. Hypothetically.
The way Leif delivers his line gave me the impression that Sønheim had been playing games with the exchange rate . . . I guess not, then?
Leif: Is there not one person-in-charge who decides what money is worth?
Thorn: Nope! The exchange rate is just “the price traders are willing to buy/sell for at this moment.”
If any one person gets too much control, then it’s market manipulation. Which is illegal in both of our countries. . . . I, uh, don’t know anything specific about how to define or catch that stuff. But I hope smart people are in charge of it.
Leif: Thorn? Is money . . . fake?
Thorn: Well, it exists . . . But it only means anything because enough of us agree that it means anything. So — kinda, yeah.