Everything is Canon (i v vi iii iv i iv v).

Pretty, beautiful, gorgeous, I love you sm Sandrone

drawing until I can draw hot anime people hotly day 4

To be honest, I’m more inclined to celebrate the first episode’s anniversary but the finale is also good. At first I wasn’t sure what to do with that ending. I think that I was more concerned about what people would think about the ending than about what I thought. That was a problem I grappled with for a long time, because I was putting the show not only against my own expectations but against other Gundam fans’ expectations which was a losing game from the start. Once I rewatched it on a context completely removed from all the Discourse, I was able to appreciate it in my own terms. The show still has things I didn’t like that much among others I absolutely love and it holds a special place in my heart. It may not be the best Gundam but it is my favorite Gundam.

Even after three years, the show still manages to spark discussion (which made me amazed at the people who hate it, to be honest, they could be doing some better things with their time…) but I don’t want to dwell on it. I think that one of the most important messages from G-Witch is that disabled people deserve a happy and fulfilling life. Suletta started off as someone very worried about being considered “useless” and at the end, she’s cherished and taken care of. Most importantly, she’s happy with her life and she’s in a place where she gets to decide and plan her own future. This extends to the rest of her family, who are still alive and well despite their disability. I think that the show could had examined the topic of disability more, but the fact that they decided to explore it at all, when other shows normally don’t, is still very important.

Another thing I liked was that Miorine was able to step out from the cycle of violence in which her father, Prospera and other adults dragged her in. Her solution might had been naive and idealistic and later she even admits that it didn’t 100% work, but she’s the kind of person who will keep trying to learn from her past mistakes and make things better without resorting to violence. A lot of Tomino’s Gundam stories are about how the previous generations keep failing the children and burdening them with the sins of the past. This also happens in G-Witch but the endgame is that children can carve their own future and even teach the adults that they can go to a new direction and start fixing things as well. I think this message is important and valid.

Also, the two girls got married at the end, so that’s a win. (Even if Sunrise/Bandai won’t recognize it until Gundams 90th anniversary if we’re lucky)

Thank you, Witch from Mercury and may all blessings find their way to you.

Pantalone: "Honestly, at the rate she's going, maybe she'll crash Liyue's economy with all the money she —"

Ningguang: *raises hand* "Shhh, watch."

*they crouch behind a wall*

Lumine: *takes out a vintage Fontainian drinking flask*

Lumine: *looks around to make sure nobody is watching*

Lumine: *empties all the tonkatsu ramen stock out of the flask, then puts it on the alchemy bench*

Lumine: *puts 16K Mora on the alchemy bench*

[The Mora vanishes and the drinking flask glows.]

Lumine: 🫤

Lumine: *puts 28K Mora on the alchemy bench*

[The Mora vanishes and the drinking flask glows.]

Lumine: 🫤

Lumine: "Fuck it... [inaudible] ...worth a shot."

Lumine: *puts 220K Mora on the alchemy bench*

[The Mora vanishes and the drinking flask glows.]

Lumine: ....

Lumine: "...I guess... [inaudible] ...if I... [inaudible] ... Xinyan?"

Lumine: *tosses drinking flask into backpack and forgets about it*

The purpose of a central bank is to regulate the amount of currency in circulation. However, under a modern monetary theory framework, the central bank is only half the picture. The other half is the fiscal policy of the state. Currency enters the economy through debt. Governments create currency by borrowing money to spend on public services. Crucially, the money spent by governments always comes from debt, not taxes. The government is spending money before taxes are even collected. They simply add some numbers to a spread sheet and then sell that many more bonds. And again — this is crucial — the money is appropriated before any of the bonds are issued. Governments are simply powerful enough to make things happen and the accounting is taken care of afterwards. Taxation removes currency from circulation, using it to pay down the debts accrued in financing the spending. So you can begin to see the finical alchemy at play. Debt creates currency either through fractional reserve lending by private banks or through the issuance of government bonds to finance spending. In setting interest rates, the central bank can regulate the “price” of debt, which determines how much tax the government needs to collect to pay down the debt it has already used to finance spending. Banks purchase this government debt and use it to back their loans, which sets off the cascade of fractional reserve lending which then further creates currency from nothing. But that is always downstream of government spending and government debt. Thus, spending and taxation form two sides of a balance which determines the value of the currency. Spend more, tax less, the value of the currency is diluted as more of it enters the system than leaves. Taxes more, spend less, the value increases as the amount of currency in circulation decreases. At no point does the currency refer to any commodity, service, price, or other currency. Its value is backed by the purchasing power of the state.

(Modern Monetary Theory is a truly beautiful thing to behold <3)

To understand how Mora could be a fiat currency, we can analyze it through this modern monetary theory framework. Most obviously, the alchemical consumption of Mora is akin to taxation because it takes more out of the economy. Once upon a time, Morax minted Mora which the Qixing then spent. Thus, until recently, the Qixing was functionally the US government to the Mora’s USD: its spending determined the supply of a universally accepted currency. Now, we have to assume that the traveller’s leyline harvests fill the role of Morax and her spending the role of the Qixing. This paints a grim picture: as my original post suggests, a financial crisis is coming as the taxation of Mora (alchemy) is going to far outstrip the spending of one immortal teenager. But the system, in theory, holds. Mora is a fiat currency and its value is determined by spending and taxation. How long crisis can be averted depends on how much Mora is currently in circulation and how easily the Qixing can exploit Lumine.

Ultimately, Mora is now doomed to become BitCoin, a commodity that LARPs as a currency. Like BitCoin, the amount of Mora entering the system will decrease until it reaches zero at which point, it will itself become a commodity. Unlike BitCoin, Mora is intentionally being removed from circulation. This will cause its value to rapidly skyrocket past the point of being useful for anything, including alchemy. When there are only three Mora left in existence, you’d be a fucking fool to use 1/3 of the remaining supply to make a potion of fire resistance or whatever.