The mint owner, who goes by the handle DrJonez, had the rest and said he’d hand out the rest when we asked. I gave each person who was online 8 haypennies with the intent of handing out the rest as a stimulus in case we needed one. We had 650 total haypennies, as we called them, and he started out by letting me hand out 200 of them. He agreed to hand out the money in even chunks to everyone. When we switched to a universal, gold-back currency from our store-credit system ( a process you can read about here), one person controlled the mint. And then they can pay their employees more, and the entire economy gets a boost.īut here’s something that supply-side economists never remember: Spending money is a lot of work. That money will then trickle down from billionaire CEOs to contractors, auto mechanics, and other business owners. The idea is that if the government cuts taxes - especially for wealthy people - they will spend more of their money in the market. “Trickle down” is a term you’ve probably heard before - especially if you’re a bit older and are aware of Ronald Reagan or paid attention during the passage of the recent tax bill. So this is one of those things that I already knew didn’t work, but Eco gave me a chance to see it in action up close.
Sam Brownback spearheaded drastic state income taxes - was a disaster that forced the Republican-controlled state legislator to bring back revenues through tax increases. The “Kansas Experiment” - where Republican Gov. Tax cuts have led to a teacher crisis in Oklahoma. Supply-side economics is going through some tough times here in the real world. More than anything, I was getting experience and lessons in concepts that I had only read about or heard about in abstract ways.
I steered our server of around 20 people into the economic systems - which are all almost entirely player-driven - and I know I was learning. We’ve had Math Blaster, Oregon Trail, and other games acting as educational tools for decades now, but they never grew much beyond their edutainment routes.īut I’m a believer in Eco.
Sure, schools use Minecraft, but that’s usually in the context of coding games.
You’re probably skeptical of the teaching power of a game like this.
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