Money and conservation laws

[studiot]

Mass and energy generally follow the classsical conservation dictum

"Matter can be neither created or destroyed"

 

But money can be all to easily destroyed.

 

 

[koti]

35 minutes ago, studiot said:

Mass and energy generally follow the classsical conservation dictum

"Matter can be neither created or destroyed"

 

But money can be all to easily destroyed.

 

 

Did you get a new toy?  

[Endy0816]

Increases the value of other cash in the process.

Edited May 16, 2018 by Endy0816

[dimreepr]

1 hour ago, studiot said:

Mass and energy generally follow the classsical conservation dictum

"Matter can be neither created or destroyed"

 

But money can be all to easily destroyed.

1

Because money isn't based in reality, it's based on a promise and it's all too easy to break a promise even if you don't want to; which is a reality just not a conserved one 

1 minute ago, Endy0816 said:

Increases the value of all other cash in the process.

That depends on "the" why? 

[Sensei]

1 hour ago, studiot said:

But money can be all to easily destroyed.

Money used to be made of regular precious rare material (and after introduction of paper/cotton money, it was at least officially exchangeable to precious metal equivalent on demand *) for significant portion of development of human civilization. To literally destroy Gold or Silver atom people would need help of quantum physicists (photodisintegration and/or cause artificial radioactivity and/or neutron/proton capture etc. etc.)

*) This was just recently changed just a few decades ago in early '70 years.

https://en.wikipedia.org/wiki/Nixon_shock

 

Edited May 16, 2018 by Sensei

[Endy0816]

59 minutes ago, dimreepr said:

Because money isn't based in reality, it's based on a promise and it's all too easy to break a promise even if you don't want to; which is a reality just not a conserved one 

That depends on "the" why? 

Well more for cash, but if you were to burn a dollar that makes all other dollars more scarce and thus more valuable as a result.

[dimreepr]

24 minutes ago, Endy0816 said:

Well more for cash, but if you were to burn a dollar that makes all other dollars more scarce and thus more valuable as a result.

Well in that why you are correct, what if the why is, you burnt all the money?  

[swansont]

1 hour ago, Sensei said:

Money used to be made of regular precious rare material (and after introduction of paper/cotton money, it was at least officially exchangeable to precious metal equivalent on demand *) for significant portion of development of human civilization. To literally destroy Gold or Silver atom people would need help of quantum physicists (photodisintegration and/or cause artificial radioactivity and/or neutron/proton capture etc. etc.)

Money based on precious metals depended on the available supply, not the total amount that existed. What you could dig up from the ground changed the supply.

[dimreepr]

Just now, swansont said:

Money based on precious metals depended on the available supply, not the total amount that existed. What you could dig up from the ground changed the supply.

Not to mention, it is a very poor substitute for food.

[YaDinghus]

Money is useful to regulate the dispensation of scarce resources. Basically, it's a rationing system. What we call economy is an emergent system from this rationing function and human psychology, and in this system, money is a basic resource, and value an essential property. I guess you could compare it to a Field in QM, where Money is the exchange boson for the force (value) exchange 

[Mordred]

1 hour ago, YaDinghus said:

Field in QM, where Money is the exchange boson for the force (value) exchange 

oh great just great is that where QM got the term " state "  lol particle/system state/property based on economics lol works for me

Edited May 24, 2018 by Mordred

[studiot]

2 hours ago, YaDinghus said:

Money is useful to regulate the dispensation of scarce resources. Basically, it's a rationing system. What we call economy is an emergent system from this rationing function and human psychology, and in this system, money is a basic resource, and value an essential property. I guess you could compare it to a Field in QM, where Money is the exchange boson for the force (value) exchange 

YaDinghus, welcome, I think you will be an asset to the forum.

 

+1

[YaDinghus]

38 minutes ago, studiot said:

YaDinghus, welcome, I think you will be an asset to the forum.

Thanks. I aim to be useful in life. I don't always miss that mark ;-)