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

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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

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$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

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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 05:45:14

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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

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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

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

2024-08-19 00:33:07

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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

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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

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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.