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I'm still surprised at how quickly and permanently Big Finance fell out of the national limelight after the 2008 financial crisis. In my view, big banks and pri
by neartheplain 6y ago
I'm still surprised at how quickly and permanently Big Finance fell out of the national limelight after the 2008 financial crisis. In my view, big banks and private capital firms have a much bigger impact than Big Tech on the average American's ability to find work and afford housing. My impression is that American press attention shifted to Big Tech around 2012, coinciding with the end of the Occupy movement. I'd be curious to see whether anyone has quantified this shift, such as with NLP analysis of news articles.
- xiphias2 6y agoThe money printing (QE infinity) is the reason of most of the world's current problems, like the amount of capital misallocation that's been going on for 50 years. Luckily Bitcoin improved on gold as a store of value, so while many are angry, people who understand that having hard money is the most important in current times have an easy life right now.