well, very, very little, anyway.
like i said, i imagined the solar credit to be a floating currency; that is, its worth is determined by the "invisible hand of market forces." there's nothing backing the currency, just like there's really nothing to back any currency really. so no gold standard.
if i actually knew anything about economics i'm sure i'd be able to actually say something more about that.
first bank of sol is, as i imagined it, basically a bank that issues its own money.
now as to the fens using earth-based currency, i'm not sure if that makes much sense as soon as they set up their own cities.
i mean, it's not as if paper currency has any real use in space (other than the value given to it by those that would exchange it for something else . . . which is the definition of currency . . . um). and would the people that built crystal tokyo and all the other off-world polities use the currencies of earth? are they tied into the financial markets? what is the incentive for using that currency? wouldn't it make more sense for them to make their currency? granted, lots of countries use the US currency in addition to their own, but that's because their economies are tied into the US's (peripheral nations as they're called).
You know, this really brings up more fundemental questions I had about Fen-Dane relations. Such as, are Fens able to invest in Earth stock markets, businesses, etc? Can they own property down there? What are the trade relations like?
-murmur
like i said, i imagined the solar credit to be a floating currency; that is, its worth is determined by the "invisible hand of market forces." there's nothing backing the currency, just like there's really nothing to back any currency really. so no gold standard.
if i actually knew anything about economics i'm sure i'd be able to actually say something more about that.
first bank of sol is, as i imagined it, basically a bank that issues its own money.
now as to the fens using earth-based currency, i'm not sure if that makes much sense as soon as they set up their own cities.
i mean, it's not as if paper currency has any real use in space (other than the value given to it by those that would exchange it for something else . . . which is the definition of currency . . . um). and would the people that built crystal tokyo and all the other off-world polities use the currencies of earth? are they tied into the financial markets? what is the incentive for using that currency? wouldn't it make more sense for them to make their currency? granted, lots of countries use the US currency in addition to their own, but that's because their economies are tied into the US's (peripheral nations as they're called).
You know, this really brings up more fundemental questions I had about Fen-Dane relations. Such as, are Fens able to invest in Earth stock markets, businesses, etc? Can they own property down there? What are the trade relations like?
-murmur