lurking15

12 ms·

91.
by lurking15 2y ago
the dominance of equities is something precisely caused by the shift in the monetary system in the 1970s, which ushered in devaluation of money and forced ordinary people to seek yields from investments in businesses
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by lurking15 2y ago
but debt actually having a bite cuts both ways and bad businesses should be on the hook for their debts, and middle class people who carefully save over their entire life deserve to not have their savings inflated away or otherwise forced t
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by lurking15 2y ago
You realize Canal Mania & Railway Mania happened during eras where interest was artificially low below the historical rate of 7~8%?
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by lurking15 2y ago
> Except that it seems to work. I'd still like to know according to who. Practically everyone agrees the economy is worsening for average people during many decades of nearly universal control by "mainstream" economists, a
95.
by lurking15 2y ago
The 1930s show the consequences of inflation, speculation and credit expansion, and then bungled government response that dragged out economic contraction which is needed to clear out malinvestment. Any common person realizes their ability
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by lurking15 2y ago
> the fed just printed credit like crazy to match said deflation and keep the inflation at 2pct There's no rational basis for the 2pct inflation target [1], it's entirely baseless, in some sense it's now a matter of conser
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by lurking15 2y ago
> particularly nowadays around masking to avoid COVID Ah ok, as I suspected a covid authoritarian that’s deluded and ruthlessly mocking ANY recognition of cost in the cost-benefit analysis of safety measures, meanwhile overestimating the
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by lurking15 2y ago
weird how talking about malaise is simply FUD when a certain party is in office "well according to economic analysis you're not suffering you're doing really well! don't believe your lying eyes"
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by lurking15 2y ago
except the reality for the vast number of people isn't about needing to moderate, it's about getting outside period, instead of glued to their devices inside you can look at the epidemic of myopia as a related indicator that kids
100.
by lurking15 2y ago
since banks are effectively sustained directly by govt monetary policy, it's society's problem
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by lurking15 2y ago
cut off immigration and stop printing money, and then housing will be available for people in the US
102.
by lurking15 2y ago
> but for whatever reason they don't seem to want to focus on this issue printing money funds the cancerous growth of government, so there's no way a major party can focus on that when it causes the monetization of shelter (and
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by lurking15 2y ago
This has more to do with anything tangentially related to or funded by central govt (like public education) failing to accomplish stated goals, rather than mindfulness being bad.
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by lurking15 2y ago
> Chancellor's axe to grind is clear, that manipulation of interest rates by central governments has led to economic instability Have you read the book? Cause this is such a simplistic reduction of the book, I can't help to thi
105.
by lurking15 2y ago
I feel like Graeber's book is another (left leaning) fad to glom on to, like Piketty's book some years back. I found this book, The Price of Time by Edward Chancellor [1], very useful for understanding the development of money and
106.
by lurking15 2y ago
Clearly a practice of government should account for human nature and the typical political class
107.
by lurking15 2y ago
I read Intellectuals by Paul Johnson and it occurs to me that even generously doubting the book, Bertrand Russell comes off as a real scumbag, complete womanizer, generally untethered person and despite being prodigiously intelligent, simpl
108.
by lurking15 2y ago
You jumped from saying there's no central planning in the US to now saying it's user error
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by lurking15 2y ago
I kind of get the sense that she just finds the generalized sort of person who's drawn to Mastodon to be insufferable.
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by lurking15 2y ago
Hard for me to see this as anything other than people selling off because of the complete fiscal nightmare that's lurking on the horizon, which is precisely what you wouldn't want to do right now.
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by lurking15 2y ago
Central planning is bad and ineffective, and the US has incredible amounts of central planning. The administrative state has never been larger, and the federal government that controls it has never deployed and hoarded more power and money.
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by lurking15 2y ago
> The theory is that the increasing supply disincentives people from just letting their money sit stagnant I've always found this hypocritical in some way, since Keynesians and other Great Society/New Deal types are now general
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by lurking15 2y ago
> this view point in favor of inflation is pushed because there are people who stand to benefit greatly from those conditions Cantillon effect means everyone's who's closest to the government is all in favor of the flood of mon
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by lurking15 3y ago
> What would you call a century of heteronormative, white media? Much better than whatever activist garbage we have now.
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by lurking15 3y ago
Oddly enough medicine has never been more regulated and financed by government so hard to say this is some sort of marxist dynamic, more like the consequences of centralization that happened after (because of) WWII. You see this in the US&#
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by lurking15 3y ago
I'm not even convinced that Javascript + JSON fat client architecture is decoupled. It hides the fact that the browser is for better or worse a hypermedia client.
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by lurking15 3y ago
> They did all this solely on his father’s income, which he earned as a public school teacher. This has more to do with his profession and inflation than anything about halcyon days of the middle class that socialists love to talk about
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by lurking15 3y ago
> A major problem I encounter is that people I delegate to don't say when they don't understand something or don't reach out early enough when they get stuck. I always say that come to ask if you get stuck on something for
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by lurking15 3y ago
compared to "greedy capitalist" boogyman that goes completely unquestioned on a forum like this? it's a conspiracy theory by any definition used here generally
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by lurking15 3y ago
First off, what's "best for me" is subjective and as CS Lewis describes in "The Humanitarian Theory of Punishment", the pathologizing of my own conditions that I don't myself regard as pathology is a form of de

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