The economy is a joke as they use fixed exchange rates between gold and silver can be abused for arbitrage trades with the Muggle world. It can only be explained by all wizards and witches stopping their primary education as ten-year-olds but even then it would take only one to figure it out and break the system.
This is almost verbatim a plot point in the fic. It takes the rational ‘Harry James Potter Evans-Verres’ (the alternate reality protagonist) all of three seconds in Gringotts to devise an infinite money glitch, among other ways to break the system, though he still faces the obstacles of being a child.
The theme explores how Wizards take advantage of clearly superior muggle technology, but magically delude themselves into a false sense of superiority that crushes intellectual curiousity at a young age and isolates and inducts muggleborn wizards into a cult of ignorance.
It’s hard to learn and respect newtonian physics and thermodynamics when your brooms operate on Aristotleian physics (point forward = go forward) and you violate thermodynamics by the age of six.
Now imagine trying to learn arbitrage rates when you’re taught to fly by age 11, and can instead choose to spend the next 7 years learning how to break reality with your voice and mind. Then graduate wizarding school at age 18, never to pursue education again for some reason. because most teenagers learn how to teleport at will and how much education do you need beyond that?
For anyone who enjoys this type of deconstruction, check out the old but gold fanfiction Harry Potter and the Methods of Rationality. Fun read, very high quality.
This is almost verbatim a plot point in the fic. It takes the rational ‘Harry James Potter Evans-Verres’ (the alternate reality protagonist) all of three seconds in Gringotts to devise an infinite money glitch, among other ways to break the system, though he still faces the obstacles of being a child.
The theme explores how Wizards take advantage of clearly superior muggle technology, but magically delude themselves into a false sense of superiority that crushes intellectual curiousity at a young age and isolates and inducts muggleborn wizards into a cult of ignorance.
It’s hard to learn and respect newtonian physics and thermodynamics when your brooms operate on Aristotleian physics (point forward = go forward) and you violate thermodynamics by the age of six.
Now imagine trying to learn arbitrage rates when you’re taught to fly by age 11, and can instead choose to spend the next 7 years learning how to break reality with your voice and mind. Then graduate wizarding school at age 18, never to pursue education again
for some reason.because most teenagers learn how to teleport at will and how much education do you need beyond that?https://hpmor.com/chapter/4