You were, like, a person, but I didn’t see your face (I am face blind I usually don’t see faces in dreams), when I looked at you I just got a vision of your avatar, and that’s how I knew it was you. Like I saw your avatar in the water and was like oh thank god Ash is alright. Interesting stuff
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Well, all the more reason that adventurers are considered powerful enough to pander to.
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Yeah but it’s still like inefficient. If the king is asleep and you need to make a quick decision you have to wait for him to wake up
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Same, but also in thoughts (I just have a broad outline of how they look).
Feels weird to ascribe exact images to how people look.
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usually “king being competent” also means “king delegates work flow to competent advisors”
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usually yes
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Fair enough. Monarchy is better the less monarchy it is
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whoever organizes the adventurers holds an extreme amount of sway
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in overlord the king there was sort of competent? I think? Ebough that ainz respected him. It might not be competent so much as being a good person, but the nobles around him were terrible so it didn’t matter much. Part of being a competent king is building a competent noble court, who while they have their own ambitions will do what is good for the kingdom and the king will try to make deals where it benefits both the nobles and the kingdom, competent advisors who can handle when the king is MIA alseep or when the king doesn’t know much (king doesn’t need to know about economics so long as he’s got a good faith advisor who’s really knowledgeable and will tell him what to do to make the economy good) etc etc
This is true, but I imagine the central bank would be more than covered by the funds that adventurers would introduce into the market.
Their focus would be on selling perpetual bonds, taking money out of the economy and paying people a fraction of it over the course of their lifetime.
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For example, you might buy a $1,000 perpetual bond from the government, and for as long as you have the bond, you’ll receive $100 a year.
Yah my point is that monsters introduce money into the supply instead of the central bank. Central bank would be more focused on removing money from the supply yeag. Some guy comes back from a quest with crazy money and everybody at the bank sighs and rolls their eyes and has to work later nights
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mr. house…
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It’s less “work longer nights” and more “we have to up the rate that we’re offering our bonds at”, which causes inflation.
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As long as the government is guaranteed to pay, you will always get 10% of your investment each year (called the risk-free rate). This would likely cause people to pull out of the stock market because there’s no reason to invest in anything that’s not going to give you more than 10% because it’s more risky than “free 10% return”.
It’d also become wildly difficult to acquire a loan, which would cause a lot of problems:
- It’d pose a higher barrier to entry for any small businesses attempting to enter the market and entrenching existing oligopolies.
- Mortgages would be nigh impossible to acquire for poorer families.
- Want a vehicle but can’t afford cash upfront? Tough luck.
If cash is worth so much more in the future than it is today, people will naturally hold off on spending as much as they can. This would manifest as a regressive tax system: poorer people will spend more of their earnings on necessities and have almost nothing that’ll grow over time while richer people would invest most of their funds into financial instruments that would grow over time.
So basically, if you’re poor, your only choice is to become an adventurer.
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another solution is often that monsters can be broken apart for useful materials which can then be sold
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in this solution it’s a miracle society hasn’t regressed to a bartering system i think
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cookie
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hi maverick
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come back in 4 days
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