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Cake day: February 16th, 2025

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  • turnip@lemm.eetoProgrammer Humor@programming.devCorporate Branding
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    10 hours ago

    Well I think a big issue with that is monetary policy. Which bids up the price of goods using debt, as everything becomes financialized. It used to be a mortgage had a real physical cost as a lump of gold moved around, now its just numbers in a computer created out of the ether, and this bids up the cost of living in order to derive what we call economic growth. A transfer from the young to the old essentially.

    The 2% inflation we attempt to achieve is after hedonic adjustments, substitutions, and investments are taken out, and so the money supply grows at 10% a year as people are clinging by the skin of their teeth to eek out more aggregate demand to attempt to infinitely grow an economy.

    The 2% inflation was decided in the 90s with no real logic put forth as to where it would lead, and its obviously lead to huge bubbles and asset inequality as people try to profit off the first mover advantage of their debt being debased, as the CPI was progressively modified to loosen the money supply to promote more economic growth over time.

    In the late 80’s they removed housing appreciation from the CPI for instance, and what do you expect that did to home prices? They did that to fix another problem with the CPI, which was that raising interest rates raised inflation during Volcker, making it a feedback loop that lead to the double digit increase in rates. So it was already broken and it was then patched like it was a car held together with duct tape.


  • The real problem I see is its tied to our money supply.

    -The mortgage acts as a gatekeeper for an inelastic good that is necessary for life and procreation, hence the youth are forced to sign up for it, which grows the money supply when they take out the mortgage. This means the price is always being bid up and will fill whatever available debt bucket people can attain.

    -This newly created currency goes from the bank to the boomer, the boomer spends the money, and it grows aggregate demand.

    -This then funnels down into goods prices, counteracting deflation due to technological progress; counteracting CPI deflation such as hedonic adjustments and subtitutions; counteracting money taken out of circulation rather than being spent, by it being invested into alternative investments; leading to our 2% inflation target.

    If the price of homes fall then you get a virtuous cycle of people no longer taking out mortgages, as no one wants to catch a falling knife, leading to a dramatic fall in the money supply. So instead we push the bubble higher until it finally becomes unsustainable. Its really a fundamental problem with our entire monetary system as far as I see it, and will inevitably always lead to the kind of demographic collapse we are seeing.


  • turnip@lemm.eetoMemes@lemmy.mlJust one more reform bro
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    12 hours ago

    The briefcase of money turns into velocity of money, which turns into jobs, which turns into wage pressure, which turns into higher wages for the poor, so they can buy the product or service with their own greatest marginal utility; so in their eyes they view the briefcase of money as the optimal empathetic choice.

    Well, assuming the right in this case are Ron Paul right-leaning and not Trump right-leaning. In Trumps case he does just want the briefcase of money for himself.



  • turnip@lemm.eetoCanada@lemmy.caIt’s Been Canada’s Weirdest Federal Election
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    13 hours ago

    Which part are you skeptical of, I’m assuming the petro Canada part?

    It was my comprehension of this:

    https://liberal.ca/cstrong/costing/

    We have dwinding productivity investment in Canada, as the Bank of Canada always points out in their pressers, and have had for a while now. Much of this is high tax, regulation, and bureacracy; this is being combated by trying to seed private investment using tax dollars, as Freeland has been talking about for a while now.

    Just consider yourself when you go to invest, would you invest in the US who is cutting regulation and corporate taxes, or Canada who is worried about indigenous groups and is talking about having corporations pay their fair share? The answer is likely why the US is 62.70% of the global marketcap, and that is what we are trying to entice while not cutting our regulatory burden. This is my take on it anyways, but I’m just some guy.



  • Carney has already cut the capital gains tax, that we were told was created to create generational fairness. As well as the carbon tax, which we were told was a net benefit to the poor. Given the polls seemingly Canadians arent progressive, and they hate taxes on the rich.

    I feel like the NDP and the conservatives are both better than the Liberals. The NDP will raise taxes to actually fund the programs, which will lead to higher average standards of living and less future austerity; where the Conservatives will cut and lead to greater productivity gains and greater foreign investment into Canada.

    Whereas the Liberals seem to be low taxes, tighter regulation, more unfunded programs, and now using even more debt in an attempt to force capital formation as if it will be different from the last decade. They just seem to say whatever they have to to get elected at any given time with no static leanings left or right, a party of non-denominational opportunists.