tjwebbnorfolk

20 ms·

1. 481.▲
   by tjwebbnorfolk 2y ago

   Tale as old as time. Politicians can change any laws they want, but not the law of supply and demand. This is why what sounds good when written in public policy very often does not produce the hoped-for result.
2. 482.▲
   by tjwebbnorfolk 2y ago

   The innocence project has an interest in showing the justice system to be more capricious and random than it really is. The guy was exculpated by the evidence, and the system worked as intended. Yes it has problems but the headline and stor
3. 483.▲
   by tjwebbnorfolk 2y ago

   Shareholders are the owners. Management are legally required to maximize profits for the owners who hired them. It's not merely a recent social construct. That's why you see shareholder lawsuits against their own company when ma
4. 484.▲
   by tjwebbnorfolk 2y ago

   This used to be the case with banks prior to the 1910s. If a bank became insolvent, the shareholders were personally liable for fixing it.
5. 485.▲
   by tjwebbnorfolk 2y ago

   If you have a 401k, you almost certainly are a Boeing shareholder.
6. 486.▲
   by tjwebbnorfolk 2y ago

   True, it's moronic if you expect to discuss the details of a complex economic system. But in a political context, the finer details aren't interesting
7. 487.▲
   by tjwebbnorfolk 2y ago

   Of course people don't really want deflation either, and most people don't really believe prices will magically drop 30% back to where they were in 2019. But it's still reasonable to punish those who presided over the infla