4 ms·
I am a math minded person I don't see how this adds up. Let me explain myself in a different way. Money, wealth, currency and value are all related but they ar
by yanilkr 11y ago
I am a math minded person I don't see how this adds up. Let me explain myself in a different way.
Money, wealth, currency and value are all related but they are not the same. They are tied to each other via currency.
Just imagine a class room full of students and we have a way of grading student's work. A better grade means the student is smart. Currency is just that a system of accounting to make students work for better grades. Try distributing grades from performing students to non-performing students and see if it makes the entire class any more smarter than before? Similarly try to just boost grades ie guarantee someone a minimum grade. Now the overall grades look better but students are working the same and they are not any smarter than before.
- deleted 11y ago[deleted]
- throwawaymsft 11y agoExcept make it so a student starves if they don't pass the class. Ask if they are in favor minimum grades then. The goal is to make the consequences of failure less severe.
- yanilkr 11y agoI agree that looking it this way comes as un-caring, in-sensitive and negative but thats what it is.
- EthanHeilman 11y agoThe fear of failure is the handmaiden of mediocrity. I believe there are very positive benefits from reducing the effect of the fear of failure from participants in markets. Give people room to innovate and you'll get increased innovation.