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| DSA Common Currency; yeah, that's sums it up | |
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| Tweet Topic Started: 22 Nov 2013, 02:00 (2,244 Views) | |
| Suceavija | 24 Nov 2013, 20:54 Post #31 |
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"House Chairman"
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What I'm describing is very different than the monetary system we are familiar with today. For that matter, it's probably not compatible with a discussion about currency that is meant to work within that kind of monetary system Okay, back to the drawing board! ![]() I kid; but I think you're right, Gervase. What it seems like most have been describing would be like a conventional fiat currency. I'll get the printing presses warmed up in Suceavija's secret counterfeiting... I mean, I'll wait for the Captiol City Central Bank to circulate a fixed amount of currency through the economy and obey(ish) the regional monetary policy
Edited by Suceavija, 24 Nov 2013, 20:57.
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The United Socialist States of Suceavija Founding Nation of the Suceavijan Commonwealth of Socialist Nations Resume - & - Factbook Regional Cartographer Eternal Defender and Advocate of the Democratic Socialist Assembly | |
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| Horgr | 24 Nov 2013, 23:45 Post #32 |
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"Political Speaker"
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Sorry to butt in guys, just wanted to inject my own thoughts. In all my nations (baring envoy states), I use a Need as a currency, rather than being based around the principal of work, I prefer to base around the principal of requirement. I base this on the idea of a low common denominator. So, 100 needs represents a good standard of living for one day, in any area of the TL, as assessed by the independent regulator. The minimum wage set across the Union of Joint Confidence, is 105 needs per standard working day, with a minimum total income per week of 704 needs in any situation. The set figure includes figures for food, heating, power, convenience and an almost idea amount of leisure. But that is simply the way that I choose to do it, and has no baring on what the correct way for the DSA is. |
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| Suceavija | 25 Nov 2013, 00:09 Post #33 |
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"House Chairman"
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You are not butting in, Horgr. You are one of us! Your ideas are important, plus I think we are still trying to figure out what the correct thing is ![]() Edited by Suceavija, 25 Nov 2013, 00:10.
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The United Socialist States of Suceavija Founding Nation of the Suceavijan Commonwealth of Socialist Nations Resume - & - Factbook Regional Cartographer Eternal Defender and Advocate of the Democratic Socialist Assembly | |
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| Horgr | 25 Nov 2013, 00:15 Post #34 |
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"Political Speaker"
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That...was...Disturbing... On this point, I doubt I am, because I do intend to maintain a joint currency across all of my own nations, so unless you want to try and extend the currency across the SLU, and the UDLS as well, that probably will not work. |
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| Corujean | 25 Nov 2013, 00:18 Post #35 |
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The Great Corujean
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Well, personally, my nation will join the common currency only if it's secondary to the current one. So, if people accept this, I think you could do the same
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The People's Republic of Corujea official representative to the Democratic Socialist Assembly TPR Corujea - DSA Charter Nation Former minister of Role Play for the 8th and 9th Cabinets | |
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| Lemur Isles | 25 Nov 2013, 00:46 Post #36 |
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Charter Member
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I really like the idea of the Working Hour currency, and I think you did an excellent job designing a coint, Herrebrugh. I guess the only problem with this idea, is that not everyone in the DSA are actually socialists, many are social democrats, which means they'd probably have either a conventional capitalist gold backed or fiat currency, for their mixed market economies. A currency based on work would be ideal in a planned (or almost totally planned) economy.
I broadly agree. Just one small disagreement though, contemporary wages aren't even representative of output. Some of the CEOs from the top companies make over a hundred times the salaries of their average workers, and I doubt they actually produce that much more value! And that's just CEOs, the biggest shareholders can earn millions through the return on their investments alone, without putting in any labour. Capitalism is even more unfair than if wages were allocated to output rather than hours of work. |
| Former Secretary General | |
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| Suceavija | 25 Nov 2013, 00:52 Post #37 |
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"House Chairman"
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Yes, that's is a very good point, Lemur Isles. In my attempt to illustrate a more general point, I managed to conflate the CEO's capital wealth and the cook's actual labor as equivalent outputs - and nothing could be further from the truth, as you point out
Edited by Suceavija, 25 Nov 2013, 06:21.
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The United Socialist States of Suceavija Founding Nation of the Suceavijan Commonwealth of Socialist Nations Resume - & - Factbook Regional Cartographer Eternal Defender and Advocate of the Democratic Socialist Assembly | |
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| Horgr | 25 Nov 2013, 01:17 Post #38 |
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"Political Speaker"
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Honestly, I don't think that my system could work along side a labor based currency. The interplay between the idea of a currency valued by labor output, and one valued instead off the basics of living allows for a gross inequality between those who can manipulate one, and those who can manipulate both. The fact therefore becomes that anyone who can manipulate neither is subject to totally unacceptable conditions, and the principal behind the need means that anyone who is payed in the labor based currency could be subject to sudden crashes in living standards, compared with someone receiving the need. It is an unfortunate thing that a need could not be freely convertible, or transferable with a conventional currency, because it's value is an inflexible variable, that can only change when the cultural acceptable level of living standard changes. I don't know if there is a way to solve that, but I can't see a solution to it. |
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| Diederick Antonius | 25 Nov 2013, 13:50 Post #39 |
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"Party Leader"
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This is consistent with my view that there should be an opt-in to adopt the regional currency. I for one will not drop the aurei from my nations, except, perhaps, the Ambassadorial City-State, which is physically in our region. The relationship between the regional currency and the 'independent' currency of member nations, will definitely come to exist. With the arrival of a regional economy, I don't think separate currencies will make much of a difference - apart from making things more interesting. Edited by Diederick Antonius, 25 Nov 2013, 13:55.
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Dictator in session for the Praetorian Council of the Praetorian Republic of Arcomo Former Secretary-General of the Democratic Socialist Assembly | |
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| Herrebrugh | 25 Nov 2013, 14:15 Post #40 |
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"Faction Leader"
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By the way, as it is now, Herrebrugh will probably become a full member of the DSA-currency. If only because I'd like to pay with cog-shaped coins in real life
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Getekend, Herrebrugh - Signed, Herrebrugh Eenheid, Vrijheid, Solidariteit | |
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![]](http://z3.ifrm.com/static/1/pip_r.png)
Okay, back to the drawing board! 




8:43 AM Jul 11