How does Equestria keep the value of the bit so high?
>>27251157
They're made out of gold. Plus there aren't any jews in Equestria, so even if they did have fiat currency, it would be unlikely to inflate all that much.
>>27251166
What do jews have to do with gold?
>>27251172
Absolutely nothing.
How much is a bit worth?
>>27251247
One and half tomatoes. Too easy, next.
>>27251166
Yep, they literally kicked them to another continent
>>27251157
Because they haven't been enlightened yet with the magic of fiat currency and fractional reserve banking.
>>27251254
I like the idea that instead of a gold standard they have a tomato standard to base their currency off of.
>>27251166
>there aren't any jews in equestria
>>27251166
>there aren't any jews in Equestria
>>27251166
>there aren't any jews in Equestria
>>27251291
>>27251294
>>27251304
I'm talking about actual Judaism, not just greedy stereotypes.
Gold backed currency
>>27251166
>Plus there aren't any jews in Equestria
Gee, I wonder who could be behind this post...
>>27251157
I imagine that Celestia would have direct control over the money supply instead of some unaudited central bank run by a hostile race that believes in Keynesian nonsense and likes to give special privileges to their corrupt buddies.
>>27251294
>>27251304
>>27251316
forgetting the jew griffon and also that one NY horse in that one pinkie-maud ep
>>27251247
What else have we seen bought or sold on screen?
IIRC, applejack sold one pie to Soaring for two bits.
Fluttershy tried to buy cherries in Putting Your Hoof Down, but I don't remember the price.
>>27251166
Gas the Gryphons!
83!
>>27251166
Coincidentally, ever notice how prosperous Equestria seems? We've seen blighted, impoverished places in the show - Griffonstone, for example. Compare them to Equestria. Where are the slums? Where are the ghettos?
>>27251157
>inflation thread
>inflation
Why the fuck would you call it that?
>>27251630Fillydelphia
Has /biz/ and /mlp/ finally collided?
>>27251630
The poor get executed.
>>27251426
One bit he tried to haggle to two.
>>27251630
They send the poor to work in gold mines in the mountains. It's where they get the gold to make bits.
>>27251247
$0.73, based on the average price of a lb of tomatoes and the average weight of tomatoes. This is not adjusted for PPP, I'll get back to you with a more comprehensive answer later.
>>27251824
You can't do it that way, since it is pretty unlikely that the tomato prices in Equestria are equal to the tomato prices in the world. There are several factors which have influence on the tomato prices, such as ferility, ground prices or if using workers to maintain perfect conditions for tomatoes is legal (if it is rentable)
>>27251157
I guess since the bit exists solely as a coin currency big exchanges are done in trade form like applejack exchanging apples to the cakes for baking ingredients meaning bits are mostly used by consumers only
>>27251873
>Hey you didn't adjust for PPP
No shit, I said so in my post.
>>27251157
Everything is two bits. A cupcake is two bits, a big cake is two bits, a whore is two bits so you buy the big cake and share it with the whore for sex
>>27251157
They don't have a federal reserve
>>27251157
Ponies are just dumbs.
>>27252756
Based on the size of a pony and the size of a human how big is that statue compared to the liberty statue
>>27252756
>>27251289
>>27251166
Actually, the lack of a central bank means they're extremely vulnerable to inflationary and deflationary effects from supply shocks.
>>27252789
Using eyes as reference and assuming pony height of 1 meter (3.5 ft), the statue is 24 meters tall. The base is additional 9 meters, for a total 33 meter height from ground to the tip of the torch.
>>27253065
and the statue of liberty alone is 46
autism, it never fails
>>27253065
does it match pony to human actual sizes tho? i mean if pony = x and human = 3x then is the statue of liberty 3 times the size of the pony of liberty?
>>27253065
Oops, I made a mistake when doing the base height. It's actually ~37 meters total.
>>27253022
because our central bank is working so well, right?
>>27253022
What supply shocks? They live in a world of magic and can make anything they want appear from thin air.
>>27253355
At precenting hyperinflation and deflation? Yes. That's like their entire job. Just because it can't stop every economic catastrophe doesn't mean it's bad at stopping the type of crisis it was designed to prevent.
>>27253363
Crop failures due to pests are still a thing, as confirmed by the bat episode.
>>27251166
Does that mean they can't raise the minimum wage?
>>27254177
There is no minimum wage in Equestria. Lack of large corporations makes the concept null, since if you work for someone instead of yourself, you'll actually know them on a personal level and can have fair conversations about what you're being paid, instead of being one of many peons who only exist on paper to an Earth CEO. Not to mention the fact that wages are typically a percentage, not hourly, when you work for somepony longterm. When business is good, everyone gets paid well. When business is down, everyone struggles.
>>27254221
there is still definetly big corporations tho. Some of the stuff we see are impossible the stuff we see are impossible to produce without big machinery and a hundred employees.
My guess is that food is almost always produced localy because ponys dont have the chemicals we use to keep food from decomposing for so long.
Cloudsdale is obviously a big corporation, rarity adopted a mass production standar for an episode and is stilll branching out.
The wanderbolts as any other sports team mustb have plenty of marketing deals seeing as they have enough money to mantain an achademy
>>27254269
>he thinks weather control isn't government run
Are you serious? That's way too much market power for a private firm.
>>27254269
Did Flim and Flam need a bunch of employees for their wacky machinery?
Cloudsdale is a city. So technically a corporation of sorts, but it's the government. Any pony with a government position not only knows their superiors on a personal level, but also knows that Princess Celestia is at the top level of it all.
Rarity knows her employee on a personal level and obviously can't pay her shit if she doesn't sell well. So it's likely a commission based postilion.
What's wrong with a team marketing themselves? Starlight Glimmer didn't even know who they were, so they should be pissed if they're paying someone who can't do their job. Not to mention the fact that they're technically part of Equestria's defense force. Their expenses and the academy are likely paid through taxes. That's why their aerial shows are free.
>>27254328
>that's why their aerial shows are free
That, and they're a nice recruitment tool for the Pegasus branch of the military.
>>27254386
The Wonderbolts ARE the Pegasus branch of the military.
>>27254328
raritys example was that the pony she hired to help and is in charge of helping many stores definetly implements a mass produce standar, if you dont know what a standar is go google it. It means that its the way things are supposed to work, rarity is the odd mom and pop store in a town with 18 dominos.
flim flam invented their machine, it didnt work and they show up trying something else after claiming they where going to try their machine somewhere else, plus cyder has alcohol meaning that it can be mass produced and stored on it own, even if flim flam managed to get a good deal i dobut they would be happy just suplying a simple town, they offer applejack a deal for half the farm. Even if they can supply all ponys in ponyville fast, they still wouldnt drink half an apple orchade on their own. Flim and Flam would still need ponys to distribute the cyder around equestria, sell it, storage it, etc
we dont know if cloudsdale operates as a private and definetly dont know what deegree of control celestia has over them
marketing doesnt work for tiny small town companys, you dont see old grandmas home made pastrys adverticed on the superbowl, it doesnt seem fair for the goverment to support one team that competes in thte olimpics giving them a massively advantage when poniville struggles to find 3 comepeting thletes
starlight glimmer lived in a small town with no connection to the rest of the world for years
pinkies balloons have to come from someone
there must be a record firm to produce vinyls records
there has to be a publisher for daring doo to sell her books everywhere, they are even special editions
>>27254420
they're equestria's air force.
>>27254445
Nah, they're more like naval or army aviators. The Air Force only becomes a thing when you have strategic nukes and a huge bomber fleet.
wouldn't Cloudsdale/rainmaking be considered something similar to a public utility
>>27254770
No, but your mother would
Celestia is Hitler, she just keep conquering different countries to hide bankrupt
>>27254770
>be pegasus NEET
>piss in the rain water
>tfw all the lowly earth ponies and uptight unicorns are drinking my piss and growing their crops in it
You're welcome for your public utility brought to you by pegasi.
>>27254832
I'd drink Rainbow Dash's piss.
>>27254832
>be earth pony
>get big ugrs to piss while watering the cells
>meh I just take a big leak there, I'm not holding it half a mile until I reach the bathroom
>we pee and even shit here whenever the toilet clogs anyways, it's good for the soil
>>27253022
>>27253476
>central banks are good
Stop it right fucking there. What's so important that a private central bank can do that the Treasury can't? What makes central bankers so god damn special that we have to borrow money from them (at interest) instead of a country printing it's own money debt free?
>>27251630
Ponyville is a small town, which doesn't usually have that sort of thing. Manehattan and perhaps Canterlot might have them but they haven't shown us enough of those cities to be sure, although one native New Yorker once commented during a review for Rarity Takes Manhattan that there should have been at least one homeless pony in Manehattan's equivalent of Times Square.
>>27254905
homelesness is entirely solvable. Especially in small scale such as equestria
>>27254869
Hyperinflation. Weimar Germany tried to do that and they ended up making their money so worthless that people started burning money to keep themselves warm. In fact there's an old joke about how in Weimar Germany during that time where a man took a wheelbarrow full of cash to deposit at the bank. He stopped for a brief moment somewhere and left it alone for a little while. When he came back he found that the wheelbarrow was gone... But the pile of cash was still there.
>>27254869
Yes, we can trust private corporations to always act in our best interests!
>>27254947
Easily solvable without a central bank. National socialist germany and pre 1913 america were fine without it. In any case, it doesn't justify having to pay back a central bank for every single dollar plus interest.
Hasbro is a 100% Jews Company.
Alan Hassenfeld, CEO of Hasbro donated the Teddy Fountain to the city of Jerusalem.
What do all of you expect ?
Equestria is a world without Jews ??
>>27255001
>nazi germany had a good economy
Yeah, because whenever they were short on hard cash reserves due to being in a trade war with all of fucking earth and purposely overvaluing the reichsmark, they annexed the next country over and raided their currency reserves. If WW2 hadn't of broken out they would have imploded by 1942 at the latest. Their economy was trash, the German economic miracle is just a meme.
>>27251157
We don't know that the value of the Bit even is high. Gemstones are as plentiful as the rain, yet we've seen them buy a rather spectacular range of goods and services. Currency in Equestria could very well be highly unstable, which is all the more reason for defaulting to trade goods and barter/exchange practices.
>>27255001
>pre 1913 America was fine
>constant recessions caused by runs on the banks and currency fluctuations
Did you stop taking US history after high school?
Equestria, for all its use of magic, is still a primitive land. They don't have the kind of economy that requires a fixed currency value or a central bank for securing their funds.
>>27255101
so have a central bank is the lesser of two evils?
>>27255084
They were boycotted to hell so they had to get by with barter for one thing. For another I don't believe at all that they raided other countries for economic reasons. In any case you still have not given a single good reason for central banking because the hyperinflation argument doesn't hold up.
>>27255101
We could have easily built checks for our monetary policy into the treasury. The fed is untransparent as fuck, and of what we can see it doesn't look good.
>>27255107
Dasani in this very fucking hot Asian country
that I'm accidents stuck here 1.5l cost just $0.3 USD.
not cheap, I think our country in Europe or American or north American sale it that price and become a richest company in the world with in tomorrow morning.
>>27251682
SOCIAL DISTORTION YEEEAAH
I think I know why Equestria's economy is so good. Two reasons: cutie marks and altruism.
Having a cutie mark means you and any potential employer knows what kind of work you are best suited for and because of that things like resumes and job interviews are probably unheard of in Equestria. Basically, if your cutie mark matches the job you are applying for and that particular job is available at a specific business, you are almost certainly guaranteed that job.
Also, ponies tend to be more altruistic than humans though they are not immune to greed, however employers in Equestria are less likely to take advantage of their employees and pay them less or more than they deserve. While a few employers might adopt such unscrupulous practices (such as Siri Polomare) they are far less common in Equestria than in real life. It's my firm belief that if more corporate leaders were more like Tony Stark and less like C. Montgomery Burns the world would be much less shitty.
>>27255385
>if more corporate leaders were more like Tony Stark
I just want to see Elon Musk flying around kicking ass.
>>27255385
This. Plus I don't think equestrians outsource jobs. The jobs are all done by ponies for ponies as opposed to we who constantly outsource jobs to rajeet and pajeet.
>>27255464
Well that might be due to the technology needed to facilitate such practices being absent in Equestria. Equestria's ships are still made of wood, as seen with that fleet of 17th century style ships offloading sheep to be sheered in the Sombra War timeline depicted in The Cutie Remark and the main means of non-pegasi flight is airships, which move at a snail's pace compared to jet planes or even propeller-powered planes and even if you use pegasi not all of them can fly at supersonic speeds like Rainbow Dash can. Without speedy means of transportation, goods made overseas can't be shipped in the timely manner needed to make such a practice cost effective.
>>27255597
Does that timeline even count? They don't use cannons or even a spear in that battle.
And there has been at least one plane and steel shipin the background.
>>27255385
Still that begs the question: if that's how the job market works in Equestria, why are there NEETs like Fluttershy's brother?
>>27255823
Not everyone wants a job.
>>27251708
Celestia would probably just feed off a nuke's energy, considering her powers are sun based.
>>27256042
I bet she'd position her ass up under it so that it lands in her gigantic cunt instead of hitting the ground. It's the only way she can get off any more.
>>27254441
Daring Do books might only be sold in a different country, considering that there was only one copy of one of her book's first edition.
I have a non pony related question you may be able to answer.
Who owns a standard? Is it possible to get a patent on one?
Suppose I came up with a new way to do something which is more efficient and it reaches the point where everyone is forced to adopt it, I as the creator would deserve compensation but as the same time since its a standard and everyone has to use it it's forcing them to pay me and at the same time it's a monopoly
>>27256095
Probably no intellectual property laws (just like it should be in the real world). Some companies might keep trade secrets, sometimes unsuccessfully.
I suppose we didn't see knock-offs of Rarity's really successful dress, but maybe people wouldn't be interested in an inferior clone.
Actually, Daring Do might have an exclusive agreement with her publisher, so I don't know.
>>27256095
Well considering that McDonald's came up with the Speedee Service System (basically applying the assembly line process to food preparation) and most fast food businesses followed their example and applied that process in their businesses I think we can safely say that you can't patent, trademark or copyright a process.
>>27255107
They don't need it. How hard is it to grasp the idea that in the land of magical kind ponies, over complicated economy is not needed ? Material goods and consumerism isn't the big deal there.
Just enough to be able to exchange the most needed goods and that's all. No bullshit, just friendship.
>>27254441
Please put a bit more effort in formatting your posts to be less of a pain to read in the future. Thank you.
>>27255823
Discouraged workers don't count as unemployed.
>>27257088
My point exactly. Goods are what's important in this kind of primitive economies, more than the currency.
Besides, there's >>27255385 and >>27255597
to support the idea that Equestria can't do massive exports and imports of goods. So they keep most of its commerce locally.
>>27254869
Because governments are vulnerable to the whims of an electorate who, for all the memes of le happy merchant tricking the dumb goyim, are honestly not educated enough to know monetary policy. This is why shit like the debt clock is so disingenuous.
Yes, the u.s government has a shitload of debt it owes. But it primarily owes it to bond holders, rather than simply hoard their money like they otherwise would bond holders have given their money willingly to a government that can then use the money to make a school or bomb a 3rd world country. Things we can all agree are good. It's perfectly reasonable for those bond holders to expect money back with interest.
To tie this to ponies. I bet they would have a view on economics and how society should behave that let's them avoid the constant need for growth we rely on. Hence harmony, they're satisfied if whatever companies don't need to meet 10% growth to make share holders happy. A factory can go unbuilt, it's more important little timmy is happy over his father taking a bet on starting some business that might fail or prosper. So while we see ponies as happy, we miss whatever opportunity cost they had where they're not listening to iphones, landing on other planets or bombing 3rd world countries. It's just a matter of priorities. We could live like that, but we'd miss a lot of what we enjoy and take for granted.
>>27251336
>>27251157
Discuss crystals
>>27251157
... Jewish Tompreston?
>>27254905
Ponies aren't shit. They are all productive or get by with help from their stable families rather than transfer payments. There is no homelessness.
>>27251157
this is econnomy related
in the episode where applebloom has nightmares regarding her cutiemark we see that one of them is being the bug catching pony. Ironically enough this is the cutie mark applebloom should want.
cutiemarks come in 3 categories
>1-common
this is farming, baking and anything like that
>2-uncommon
this is anything that is rare to have a cutiemark in but most ponys with enough training can pull off, we havent seen them but pinkie has a party cutiemark while working as a baker so it works like that
>3-higly specialised
this is the kind of cutiemark that would land you job nobody else can do.
applebloom has a nightmare about getting a tire 3 cutiemark but being the bug catching pony in poniville would be like being the only plumber in manehattan. Maybe its not as impreessive as singing or flying fast but it would mean you are just as powerful as mayor mare, alicorns all also have tire 3 cutiemarks.
So what does it mean? it means you landed a great job, you get paid a lot, get to choose your own hours, take long vacations, have tons of benefits etc. Sure rarity having a dress making cutiemark means that she may be richer than you but none of the main 6 are necessary for equestria at all, except when they fight monsters.
Being a human in equestria would be great becaue humans esentially can learn anything while we see the main 6 struggle with handeling someone elses job.
In just about any place in equestria there is bound to be at least 100 open posittions because even tho a tire 1 pony can fufill most tire 2 jobs they still want to do something related to their cutiemark so you get to fill one of those spots and if you feel like it you can even study, practice and with a couple of apprenticeships you could do that job, versatility is the best quality you can have there
>>27259113
>"A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. Specialization is for insects."
>- Robert A. Heinlein
>>27259160
It sure is a hindering to have a society where everyone specialises in one thing with maybe two related things he can do
>>27259113
But ponies are just like humans except they wear their special talents on their asses. I'm a writer but I'm currently working at a pet food factory because I need money. If I were a pony, simply having a typewriter on my ass wouldn't get me a writing job if I have no experience, just like being a writer IRL can't get me a writing job with no experience.
>>27259283
They aren't tho, loosing their cutiemark means they loose their whole sense of identity
Cutie marks are just as much part of a long as their brains are
>>27251157
People are so invested in their fanfacs, head canons and fantasys that this kind of discussion is pretty much h impossible by now.
It doesn't help that Hasbro gives with one hand while taking with the other meaning the half the time the stupidest things will become Canon while the other half the almost Canon things will be completely crushed so we neve know
>all this economics on a pony board
brilliant thread
>>27257719
But when interests hits trillions of dollars and the government show no short or long term plans to pay it back, then it throws a wrench in what you said about the debt clock being disingenuous. Right now we are just trusting that we are invulnerable of paying up because we are America, who says that a time may come when we have to pay the piper or admit we are bankrupt? Companies that have been labeled Too Big To Fail" have done just that before, why can't the same be said about the government?
>>27259725
If China ever tries to collect on America's debt, we'll either threaten war, or far more destructive, threaten to stop trading with them.
Oh, and the big banks were right: they WERE too big to fail, hence the bailout.
>>27259909
So what your saying is debt means nothing so we could be up to 800 septillion in debt with no side effects? And China and other countries only own a third of the bonds, and are right now quickly getting rid of it. How about the Americans that are owed this and rhe fact that they are started to be valued as close to worthless to many since they have no guarantee it will ever be payed back? In this point your idea is stupid, and lacks the thought that we need trade to happen almost as much with other countries, if not more.
>>27260416
Most of the debt is tied up in social security promises. Other debt in the form of bonds have specific maturity dates. No country or company can just 'call it in'. So that's not the threat. Out or control government spending isn't good, but the debt itself is fine. If we stopped spending so much we'd get a handle on the deficit but that's another monster.
But no, China actually has much more serious debt problems than we do. They just hide it better.
>>27260500
This. China can call in its measly 1 trillion in Treasury bonds if it really wants, we wouldn't be too fucked. Plus the contracts on the bonds prevent them from doing that, so it's not a realistic scenario.
>>27251157
... inflation thread?
>>27261796
economy inflation
kek
>>27263802
The two best kinds of inflation
test
>>27263802
this is so great
>people arguing that central banking is good
>people arguing that private companies are the jews while govt is the one stopping them from jewing us instead of the other way around
>>27266190
>implying big business can't be just as bad as big gubmits
Memes aside, I agree with you about the central bank, but I just can't see the world going back to a true free market with so many big players on the field. It's more likely that, once they were let off the leash, the corporations with the most resources at their disposal would buy out, collude with, and/or choke their competition until they had an effective monopoly over the market, and then it would be muh robber barons and muh trust-busting all over again.
Reindustrialization and protectionism might help the first world get back on its feet, but those policies would need a lot of political clout to get them past the powers that be.
