If I hoard fiat and never consume am I a "problem"?
Discussion
That's one of the problems fiat solves, actually. It incentivizes not to hord because the value evaporates over time, moving into "other areas"
So what happens if we all hoard fiat and sell everything else?
You'll have all your money in something thats always losing value, while the more "sensible" individuals are spending at a higher rate or storing their value in something that won't lose that value as fast - like real estate, stocks or art.
That's if I act alone. I'm saying collectively. Presumably up to the level of wealth at which the system of money begins to fail the others. What actually happens?
If it gets to the point where money begins to fail others... I guess the others are left to live with a failing money or come up with an alternative system. Pretty bearish that the second solution could ever take off though 🙃
Look into the Amish, they'd be like that.
You've said this so many times but for once it's actually the best case example I think
I'm fascinated by the Amish. Need to read more about them.
Curious- do they exist outside of America? I know nothing of their past. I know Menanite is like similar but that's about my depth. Shopped at their markets, ate their products (a few times), and otherwise noticed them at places like State Faires and idly wondered about them and their lack of technological relations.
How do you not consume?
Self-sufficiency. Consuming only self-produced products. Not being reliant on the economy at large.
Your into the realm of counter-economics
Agorism
For example, selling raw milk is now an act of counter-economics, as it's become a grey market, if not a black market.
In some states it's illegal to harvest rainwater.
You may in trouble for educating your children at home depending on where you are.
The self sufficiency that you are describing is largely/increasingly considered act of aggression from the perspective of the state.