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First of all, you blame peoples' behavior without searching for incentives and shaping forces. This is very "kids these days" argumentation, and specifically bl

First of all, you blame peoples' behavior without searching for incentives and shaping forces. This is very "kids these days" argumentation, and specifically blaming greed or an increase in greed is downright utopian. Past ages and societies were no less full of greed, nor can future ages and societies be cleansed of greed. However, unless artificially warped by an outside influence, most social interactions and relationships tend towards cooperation as the best solution (see the Prisoner's Dilemma). Competition is a great example of an emergent interaction which incentivizes "altruism": Forcing prices down, encouraging resource efficiency, punishing waste and fraud. Second, your idea that our societies are suffering from deregulation is downright delusional. Artificially set interest rates and liquidity injections are the ultimate form of regulation, wherein governments actively decrease the entire population's time preference by inflating away their savings, impoverish everybody but the wealthy by boosting assets, and reduce competition by shoring up the biggest businesses to bloat up even bigger. Remove this ultimate regulation, and with the current conditions, markets would choose staggeringly high interest rates, forcing deflation and thus absolutely demolishing fast money, investment scamming, and real estate speculation overnight. So no, my line of argumentation does not slide into yours. You actually don't know what you're talking about and rely on appeals to fantastical sentiment.

Rinzler89 2y ago
>markets would choose staggeringly high interest rates, forcing deflation and thus absolutely demolishing fast money, investment scamming, and real estate speculation overnight. But, but ..muh "Japan's economy hasn't grown in 30 years" argument against deflation. >Second, your idea that our societies are suffering from deregulation is downright delusional. I never made such a claim, so funny that I'm the one being delusional here. Are you off your meds? >So no, my line of argumentation does not slide into yours. You actually don't know what you're talking about Oh please, stop it with the kind words, you're making me blush.
- netbioserror 2y ago
  If you actually think Japan is suffering from deflation, you most definitely haven't the slightest clue what you're babbling. The Bank of Japan actively buys stocks. It has mired itself in stagflationist monetary policy for decades. I advise staying in your lane.
  - Rinzler89 2y ago
    >I advise staying in your lane. Easy there tough guy. I wouldn't want to anger such a well spoken sophisticated and modest economics genius, pasting stuff off ChatGPT.
    - netbioserror 2y ago
      That's rich, coming from someone starting with the vacuous "deregulation" meme of high school armchair economists and following up with nothing of substance. Counter my points, substantively. And no, this (https://tradingeconomics.com/japan/money-supply-m2 https://tradingeconomics.com/japan/money-supply-m2) is not deflation.

Rinzler89 2y ago

>markets would choose staggeringly high interest rates, forcing deflation and thus absolutely demolishing fast money, investment scamming, and real estate speculation overnight. But, but ..muh "Japan's economy hasn't grown in 30 years" argument against deflation. >Second, your idea that our societies are suffering from deregulation is downright delusional. I never made such a claim, so funny that I'm the one being delusional here. Are you off your meds? >So no, my line of argumentation does not slide into yours. You actually don't know what you're talking about Oh please, stop it with the kind words, you're making me blush.

netbioserror 2y ago
If you actually think Japan is suffering from deflation, you most definitely haven't the slightest clue what you're babbling. The Bank of Japan actively buys stocks. It has mired itself in stagflationist monetary policy for decades. I advise staying in your lane.
- Rinzler89 2y ago
  >I advise staying in your lane. Easy there tough guy. I wouldn't want to anger such a well spoken sophisticated and modest economics genius, pasting stuff off ChatGPT.
  - netbioserror 2y ago
    That's rich, coming from someone starting with the vacuous "deregulation" meme of high school armchair economists and following up with nothing of substance. Counter my points, substantively. And no, this (https://tradingeconomics.com/japan/money-supply-m2 https://tradingeconomics.com/japan/money-supply-m2) is not deflation.