4 ms·
There’s a phenomenal amount of double-think going on in this sentence. “While there is an adequate overall amount of coins in the economy, the slowed pace of c
by moomin 6y ago
There’s a phenomenal amount of double-think going on in this sentence.
“While there is an adequate overall amount of coins in the economy, the slowed pace of circulation has reduced available inventories in some areas of the country.”
Literally the second clause contradicts the claim of the first.
- codefined 6y agoI believe it is implying that there is enough coins in the country for everyone. However, unequal distribution due to COVID means some specific areas are lacking.
- zdragnar 6y agoHow so? The first is speaking broadly, the second refers to specific localities. Some areas face a shortage because there is an oversupply in others, with a total supply that is adequate. Were they circulating more, the concentrations would presumably level out (or so the argument reads to me).
- moomin 6y agoThe economy isn’t a concept that can be separated from the rate of circulation. If there are shortages, there aren’t enough coins. If there were enough, the problem could be solved by booking a couple of lorries to move them around.
- cvoss 6y ago"Overall" vs. "in some areas". "The average is fine, but the standard deviation is high" is how I read that sentence, which is not a self-contradicting claim.
- chrismcb 6y agoYou can have enough coins, but if they aren't circulating, then it doesn't really matter. If I'm hording a thousand dollars of coins, those coins are part of the inventory but aren't helping anyone.
- temptemptemp111 6y agoYou must be a conspiracy theorist! Ban him! Welcome to the cashless society, sir :)