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Joined 2 years ago
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Cake day: June 29th, 2023

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  • Fully agree. I hate these clickbait articles that for example say“Here is why Trump wants to annex Canada as the 51st state” to proceed explaining me about Canada’s strategic location and it’s mineral resources.

    No Trump does not have a rational idea about why he wants to annex Canada, beyond “it looks nice on the map”, and all the mineral wealth in the world does not make up for the cost of antagonising your closest ally.

    These ideas are all completely bonkers. You may have discovered a rational justification, but 1. Trump is not a rational actor, and 2. The justification is always insufficient to cover the damage it does to the US, and the world.






  • I mean, it’s just really hard to understand why all these billionaires have decided to become so politically active. 1.) they have more than enough money for 10 more generations at least. 2.) if there is a serious tax hike or other threat to their wealth they can always quietly buy off some key politicians. 3.) if you stick your neck out like Musk (and some other billionaire cabinet members do) you run the chance that people will want to cut it off. If I were a billionaire I would make it my lives mission to ensure that the general public does not know my name.




  • Ehm you have that reversed (or your phrasing is terrible). Production>consumption implies export>imports implies lending to abroad exceeds borrowing from abroad. Said differently, if the current account is in surplus, the capital account is (by definition) in deficit.

    To make this all a bit more intuitive: suppose instead of spending money on consumption goods, we invest in foreign assets. In that case we spend less meaning that we either import less foreign goods or have more domestic produced goods available for export. The consequence is an increase in the current account surplus.