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What is different this time? Maybe: 1 Online shopping market in the range of 5 trillions 2 Electricity and energy price raise 3 Impossibility to lower interes

What is different this time? Maybe: 1 Online shopping market in the range of 5 trillions 2 Electricity and energy price raise 3 Impossibility to lower interest rates 4 Tech market also in the range of multi Trillions 5 Global education and power expansion ... Meaning that a % of all this money flow goes private pockets destroying medium class, which gets poorer. It is like a memory leak that keeps sucking resources while growing exponentially until the system crashes. The real question for an economist is how much ram has the system and how much the memory has leaked? This Legendary site is interesting: https://usdebtclock.org/index.html https://usdebtclock.org/index.html Especially when combined it´s data with AI.

John7878781 9mo ago
Is it just me or does this metaphor sound AI generated? > It is like a memory leak that keeps sucking resources while growing exponentially until the system crashes. The real question for an economist is how much ram has the system and how much the memory has leaked?
- rglynn 9mo ago
  "... how much ram has the system" is a typo or an ESL mistake, so not an LLM.
danans 9mo ago
> It feels as though all we need is a spark. And yet, many sparks seem to have come and gone. Big market moves, in stocks or yields, that have recovered. Tariff and invasion threats, protests, you name it, they might move the needle but it always seems to move back. So, perhaps we won? Perhaps we built our markets so stable that they are these days impervious This is a myopic question only considering the values of securities, gold/silver, etc, which are owned in significance by relatively few. The working class economy has already crashed. People who have to put in hours to get paid are struggling, and consumer spending is dominated by the top 10%. The media, ever fixated on the economic welfare of the top 1%, spins a story that if the stock market is doing well, the economy is doing well. Meanwhile there is an quiet bet that authoritarians will protect interests of capital owners over all else (i.e the bailout OpenAI hinted they might need), while suppressing the primary methods the masses have for expressing their discontent: speech, organizing/demonstrating, strikes, and voting.
red-iron-pine 9mo ago
you can couch it in tech metaphors but there is a clear path forward and it involves eating a certain class of people
- Nevermark 9mo ago
  Big problems are solved by years of investment and good decision making. Unfortunately, going after causes or correcting symptom in any kind of hurry acts as a massive destabilizer at exactly the moment systemic destabilization provides the motive/momentum for taking action. Hard course corrections at critical pressure, in a complex system, is a value destroying reset. Companies can do this. Mass layoffs, capitalization sell off, etc. And then recover over time, because the rest of the economy around them is mores stable and the pain gets diluted. Entire countries doing this doesn't work out so well. But it would appear, that may be the path we are most likely to take.
- themafia 9mo ago
  You don't have to eat them. You just have to erect significant barriers to hoarding wealth, particularly in off shore devices, and you have to create constant pressure to ensure that stored wealth is best re-invested in the economy at large. These aren't even hard problems. Until you meet someone in Congress. Then it suddenly seems hopeless.
  - PeterHolzwarth 9mo ago
    >and you have to create constant pressure to ensure that stored wealth is best re-invested in the economy at large I have no idea if this is true (I've asked economists-in-training, they say they'll get back to me), but I've read that the huge increases in tax rates on high income during the war was less to generate revenue (tho more revenue was certainly a need - there was also a growing focus on growing the number of people who paid taxes, which prior had been quite small), but more to ensure profits were not realized and instead kept invested in the economy and the war machine. A kind of practical "hodl" to keep the wartime economy stock with reinvestment - or really to discourage removing money from industrial investment - to benefit the war-time economy. Would like links to things to learn more about this line of reasoning.

John7878781 9mo ago

Is it just me or does this metaphor sound AI generated? > It is like a memory leak that keeps sucking resources while growing exponentially until the system crashes. The real question for an economist is how much ram has the system and how much the memory has leaked?

rglynn 9mo ago
"... how much ram has the system" is a typo or an ESL mistake, so not an LLM.

danans 9mo ago

> It feels as though all we need is a spark. And yet, many sparks seem to have come and gone. Big market moves, in stocks or yields, that have recovered. Tariff and invasion threats, protests, you name it, they might move the needle but it always seems to move back. So, perhaps we won? Perhaps we built our markets so stable that they are these days impervious This is a myopic question only considering the values of securities, gold/silver, etc, which are owned in significance by relatively few. The working class economy has already crashed. People who have to put in hours to get paid are struggling, and consumer spending is dominated by the top 10%. The media, ever fixated on the economic welfare of the top 1%, spins a story that if the stock market is doing well, the economy is doing well. Meanwhile there is an quiet bet that authoritarians will protect interests of capital owners over all else (i.e the bailout OpenAI hinted they might need), while suppressing the primary methods the masses have for expressing their discontent: speech, organizing/demonstrating, strikes, and voting.

red-iron-pine 9mo ago

you can couch it in tech metaphors but there is a clear path forward and it involves eating a certain class of people

Nevermark 9mo ago
Big problems are solved by years of investment and good decision making. Unfortunately, going after causes or correcting symptom in any kind of hurry acts as a massive destabilizer at exactly the moment systemic destabilization provides the motive/momentum for taking action. Hard course corrections at critical pressure, in a complex system, is a value destroying reset. Companies can do this. Mass layoffs, capitalization sell off, etc. And then recover over time, because the rest of the economy around them is mores stable and the pain gets diluted. Entire countries doing this doesn't work out so well. But it would appear, that may be the path we are most likely to take.
themafia 9mo ago
You don't have to eat them. You just have to erect significant barriers to hoarding wealth, particularly in off shore devices, and you have to create constant pressure to ensure that stored wealth is best re-invested in the economy at large. These aren't even hard problems. Until you meet someone in Congress. Then it suddenly seems hopeless.
- PeterHolzwarth 9mo ago
  >and you have to create constant pressure to ensure that stored wealth is best re-invested in the economy at large I have no idea if this is true (I've asked economists-in-training, they say they'll get back to me), but I've read that the huge increases in tax rates on high income during the war was less to generate revenue (tho more revenue was certainly a need - there was also a growing focus on growing the number of people who paid taxes, which prior had been quite small), but more to ensure profits were not realized and instead kept invested in the economy and the war machine. A kind of practical "hodl" to keep the wartime economy stock with reinvestment - or really to discourage removing money from industrial investment - to benefit the war-time economy. Would like links to things to learn more about this line of reasoning.