Well it must have done so at some point, thats the main difference between first world countries and third world.
Teppa
joined 3 weeks ago
Well there was a great society program in the 60's that ran up debt, by do-gooders who didnt properly fund their ambitions.
Society needs to learn that we need to actually tax the rich and run low deficits if we want to spend big on social programs.
They're billionaires because of monetary policy, Elon Musk and Tesla wouldnt be worth so much if inflation didnt reward risky assets and provide an unlimited runway to profitability. We bid up asset prices until prices rise 2% a year; prices that exclude assets like housing, subjective hedonic downward adjustments of goods prices, and substitutions/shrinkflation.
Blame the rich if you want, I blame the unelected central bank thats debasing your paycheck with 7% annual money supply growth, QE, and bailouts. If the money supply didnt grow every year you wouldnt need to beg your boss for a cost of living adjustment that doesnt match reality. Our parents ate free range grass fed meat, we eat corn fed factory farm troglodytes, and our children will eat highly processed imitation meat slop, and the CPI will mark no difference between the three.
I'm not sure AI will ever replace truly skilled labor, because it hallucinates. It replaces people who make PowerPoint's or Excel documents.
Courage.
I just don't believe the rationale, there is no way threads or even Bluesky match X, its clearly political.
Take the high road and go to open platforms, just don't lie about why youre supporting the other shitty platforms that censor.
Well I have to just assume given they support the other platforms.
Thundermail seems cool at least, as an encrypted email service.
Why leave X but stay on Facebook, Insta, bluesky, youtube, linkedin, ticktock, and threads?
This is clearly political, they clearly love censorship, they clearly just didnt like when it wasnt censored in the ways they wanted.
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https://wtfhappenedin1971.com/
I feel as though money is the lifeblood of society, and I feel when you debase it and squander it people become poorer. Those who horde finite assets become very rich, and real estate gets bid up as an inflation hedge, the currency debasement I believe is the reason we are getting poorer.