gentoobro / is on Nostr

https://notabug.org/yzziizzy

C is the best language. Change my mind. (you can't)

New account of gentoobro@gleasonator.com

Last Notes

2024-09-18 19:47:58

- reply

Adding money to the money supply creates inflation. Unless you are using people as currency (banned in the 1860's), 3rd world migrants don't create inflation. They might cause an increase in prices due to increased demand, but that's not inflation, and their total upward pressure on prices is small compared to the financial shenanigans the government is doing.
Yes, everyone wants to blame the migrants. Yes, the migrants are bad. But don't get distracted from the real cause of the inflation: the Fed.

2024-09-18 19:44:55

- reply

$35T is just the federal debt. Total government debt is closer to $40T, but that's less than half of the total US debt of $101T.

2024-09-18 19:43:40

- reply

Negligible compared to the $100 trillion in fractional reserve loans. Look at the graphs. Inflation has been going up long before the migrants came in any significant numbers, and continued going up in times of little immigration. I'm not saying let them in, but they're not the cause of the inflation, nor much of the price increases associated with inflation.

2024-09-18 18:56:57

- reply

Interest rates on the floor *caused* inflation. While general government borrowing also causes inflation, as do weird backhanded things like QE, the scale of those pales compared to the inflation caused by 3% mortgages. Dropping interest rates to ease the effects of other inflation is like trying to smother a small grease fire with a truckload of sawdust, as we saw with the various housing bubbles.
The sheep, of course, see the flames go away for a moment and think "gee golly! I'm rich! I just bought a $500,000 house!" without considering that they actually signed up for a 40-year slave contract for house that should have cost $60,000.
If you look at a cost of living graph over time, the two main factors that ballooned up are housing and college, with cars as a growing third problem. All of those have high prices due to low interest loans created out of thin air by the Fed. (Stocks too, but the method of that is rather round-about and not germane to this conversation.)

2024-09-18 05:56:08

- reply

Any action other than jacking interest rates way up will just offset the problem. In a number of years prices will be right back where they were, even if you deported half the population and started building new houses like mad.
Remember, housing prices were outpacing wages before there was significant immigration pressure, and the big, manic jumps in price happened when interest rates were placed on the floor for political reasons.

2024-09-18 05:45:14

- reply

Inflation isn't the *consequence* of a tax, it *is* a tax. It's a tax on savings. Regardless of where the inflation money enters the system, it's never in the $100 bill under your mattress.
All fractional reserve banking creates inflation, *by definition*. If the interest rate offered by the fractionally-reserving banks is higher than the natural interest rate (usually around 10%), then people won't take out any inflation-generating loans (since it would be a bad deal compared to borrowing 'real' money). Any interest rate below that generates inflation, and the inflation enters the economy through whatever is bought with the money from those loans. Whatever those things are will experience an artificial, government-created upward pressure on prices since more money is chasing the same amount of stuff. The ***only*** way to stop inflation caused by fractional reserve loans is to place their interest rates above the natural interest rate (usually around 10%). And that's the "Federal Funds Rate", not the rate consumers would get; consumer mortgages based on those loans would be several points higher.
There's no such thing as "supply side" or "demand side" economics. It's all one integrated whole. Those theories are what happens when single-step thinkers, often career academics or politicians, only look at one side of the equation, usually due to a deficit of critical reasoning ability. Same with "trickle up" and "trickle down". It all goes in a big circle.

2024-08-31 06:54:15

- reply

Dunno, I never used Twitter. It always seemed so vacuous, though especially so now that the GPT bots have taken over it.

2024-08-31 06:47:04

- reply

They're cheap because 90% of your impressions are from bots.

2024-08-28 06:37:25

- reply

They do. Sam's and CostCo are literally the only place in the country where you can buy real beef hotdogs. Soriana has an entire deli case dedicated to things that are nominally hotdogs but are actually made of "bird meat" and taste like pink starch mush.

2024-08-28 05:01:21

- reply

gross

2024-08-19 00:33:07

- reply

Just forget any Google products and their users. I already switched my main email, and so should everyone else.

2024-08-19 00:25:33

- reply

There's probably a cartel behind it. I use a large commercial email provider and it's still a pain in the ass to get it set up properly with my domains.

2024-08-19 00:16:17

- reply

Mail is all a big pain in the ass. I got our IP blacklisted at one job trying to filter the company's client db for bad emails to get it under the bounce rate limit for MailChimp. All 100% legit opt-in activity, but people would put fake emails or not update abandoned ones.

2024-08-19 00:12:20

- reply

Yeah, but it's not 100,000/hr. You have to be more careful and targeted with your spam, which greatly decreases the annoyance.
https://www.youtube.com/watch?v=-zH_nQDZ10k

2024-07-31 07:05:24

- reply

I think a lot of this comes down to management rot. They blow the whole budget rewriting the story and remaking the art 15 times. The artists are off on another continent rather than down the hall. There's 6 layers of useless, incompetent management in between the guy writing the shaders and the guy making the textures.