this post was submitted on 23 Sep 2023
115 points (98.3% liked)
Asklemmy
43893 readers
884 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Economics. I never understood it that well having taken two years of high school classes for law and government, then watched a single Economics Explained video and understood so much that I hadn't understood before.
Economics is one of those subjects where the more you undestand the less you feel like you do. I can barely wrap my mind around index funds and compounding interests.
On the plus side, they feel fictional because they're completely made up.
Just because something is abstract doesn't mean that it is fictional. Money is made up and essentially an arbitrary placeholder for the general concept of value, but money isn't a required part of an economic system. Economic interactions would occur whether or not a particular society has money (e.g. a pure barter system is still an economy).