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100%, it can get even crazier too, if people think there is inflation then it causes inflation. Macro-economics isn’t real and its 80% in peoples heads, 20% material conditions.
100%, it can get even crazier too, if people think there is inflation then it causes inflation. Macro-economics isn’t real and its 80% in peoples heads, 20% material conditions.
Inflation is governed by the supply of money. Monetary Policy controls how much money is in circulation and managed by the central bank. Fiscal Policy controls selling bonds to the public to make up for finance budget deficits without increasing inflation, and is managed by the government.
So the government borrows (e.g. sells bonds to the public) to raise money without increasing inflation.
Five hundred dollars? Are you serious? Just for an hour? That’s absolutely ludicrous. I mean, listen, I’m a tech guy, right? I solve problems worth millions to companies. And even I don’t pull down that kind of hourly rate. Let me break it down for you, because there’s no way the value adds up here. Just think about it logically, for the cost of one hour, I could upgrade my entire home entertainment setup and enjoy it for years. Or better yet, I’d throw that $500 into crypto. Now that’s an investment. Bitcoin, Ethereum - hell, even some of the newer altcoins. Exponential potential returns. This? This is just… it’s poor financial planning, is what it is.
But then a philosopher could operate a switch between two moral dilemmas, do you really want /that/ reality.
With no accountability, accidents become a social cost, which the government is ultimately responsible for. Inaction is negligence.
When your fire insurance is worth more than your house.
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WASM has the same energy
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The official whitehouse briefing said that he ‘underscored’ that a ceasefire would improve things and urged them to negotiate, and it wasn’t conditional. I can’t wait for someone to tell me to vote for biden because he called for a ceasefire.
The next auction round starts in 5 minutes as you franticly hit ‘accept’ for the dynamically priced minimum bid. You forgo the premium sauce package just incase the bidding gets competitive. Up next is the Big Mac, lot of 1, and you’re hungry. You don’t have time to do the next 15 minute auction round, you’re got to get back to the job. You take note of the shill bidder on company payroll in the corner but there’s a big group today since it’s the lunch rush so it’ll probably be competitive. You hope he doesn’t notice that you’ve put on makeup to cover up your gaunt look. Today you’re eating. You even tried to throw off your coworkers by telling them you were going somewhere else but you still notice a few people there. Bidding starts at $25.54, about an hours wage. You grasp your phone tightly as your tap your finger to increase your bid. It climbs to $55.44 as some people walk out of the restaurant looking dejected. $65.95. You know you won’t eat dinner, this small luxury is enough to satisfy you. You’re top bidder, only a few seconds remain. You look up to see the shill bidder snarl at you as he stares directly into your eyes and taps once on his phone. He knows he can push you. Your heart sinks as you see the price, $135 even. You frown as you place your final bid. ‘Congratulations’ appears on your phone.
If I borrow $1,000,000 at 0% interest at 3% inflation and put it in an inflation-proof investment (like housing), in 30 years it would be worth $2.5 mil. The ‘real’ interest rate is negative, it’s free money.
The pay range for the Inmate position is very competitive: https://www.ziprecruiter.com/Salaries/Inmate-Salary--in-California
Interest rates remain high so the squeeze is still happening.
It’s a confidence scam. Make Biden appear as a trusted figure. Present a false dichotomy by presenting the election as a critical choice between stability and chaos. Then create a sense of urgency then lean into the bandwagon effect to finish it off.
When manufacturing comes back to the US is likely a leading indicator.
Can we somehow change the title to something less traumatic to read? I would appreciate it, I didn’t enjoy having read that.
Behavioral economics posing as labor economics. Behavioral economics is completely fake and has no value. It’s effectively social psychology for libertarians.
The past few decades have seen the largest corporate consolidation in almost every industry.
My grandfather gave me some dilapidated house in some place called Stardew something. It was a dump so I stayed at my job at Joja corporate. Some guy named Pierre wanted to buy it for like a fraction of what it was worth, real predatory guy. Last I checked it was infested with some sort weird bug. It almost sounded like it could talk, the weirdest things. Sometimes, I think about visiting, just out of curiosity, but then the quarterly reports come due, and keep forgetting about it. Recently, Pierre’s emails has gone from predatory lowball offers to ranting about the ‘soul of the valley’ and how my land is supposedly pivotal to some community revival fantasy. Honestly, if the bugs are half as persistent as Pierre, maybe they deserve to inherit the place.