If money supply is fixed but economy is growing (say, over next 10 years we get a billion more people who consume same products as we do) prices drop. Which leads to nasty effects like people delaying spending, hiring dropping (why hire someone at $15 an hour when you can wait a few months and hire someone at $14, given that they'd work for you for at least a few years) and etc. That's partially why Fed targets positive inflation. The larger part of the world's economists are scared of deflation a lot more than inflation for a good reason.
Agree with Fed smacking rates down as chief reason for asset price inflation. Although rates are even lower in Europe and Japan and Eurostoxx 50 is below its 2000 level while Nikkei is below its 1991 level. So there are other variables driving S&P craziness. It is a weird dynamic that should reverse over next few years as Dems increase fiscal spending and boomers keep retiring. Not sure why main suggestion for fighting inflation that's affecting a narrow part of the economy (US asset prices) is causing widespread deflation that can break the entire world's economy.
You are ignoring the malice the elites bear the commons.
You are ignoring that they don't patronize us-they hate us.
Moreover they fear us and so reasonably enough want us weak, or dead.
We're they not so intrinsically weak and cowardly and we potentially dangerous: dead already.
I notice that Arizona joins NY in this Aktion T4 COVID Euthanasia for the elderly now, we'll see this sort of thing accelerate unless we get regime change.
Because the regime does not want to change.
As for the proposal you mistake feature for bug, let me fix: "The advantage of this design is that it hides systemic losses under the carpet of seignorage."
If you can't kill them directly you can always starve them, this is nothing new.
Yes. Explains the aristocratic "oppressed peoples, allies, and white oppressors" moral narrative. Because "we" special people are not clerical nobles, not really. Just humble "allies" of the poor and oppressed.
My line is that the current Reign of Woke Terror arises out of the failure of the left's moral narrative and its programs. People tend to amp it up in the face of failure.
But on finance, my line is that inflationary finance is a response to the deflations after the Napoleonic Wars, the US Civil War, and WWI, that resulted in serious unrest. Workers hated the wage cuts, and debtors hated the debt trap. So now we inflate forever and everyone is happy except Curtis.
I thought "PMC" was some kind of an insult, so I googled "urban dictionary PMC". It... wasn't an insult, but UD delivered. It truly is the only dictionary that matters
Jesus Christ I like this guy and feel he’s brilliant but sometimes I come away truly feeling like everything I just read went over my damn head. Can anyone Retard-ify this stuff for me? Haha
Would reading a book like Human Action help to understand Curtis when he talks about economics or would I be better off just googling concepts like alpha and beta?
Welcome, new “post-leftists”!!!
Don’t worry. We don’t understand half of this stuff either.
This article is solid gold/BTC. I feel like I understand your blogs on a deeper level after reading Burnham.
If money supply is fixed but economy is growing (say, over next 10 years we get a billion more people who consume same products as we do) prices drop. Which leads to nasty effects like people delaying spending, hiring dropping (why hire someone at $15 an hour when you can wait a few months and hire someone at $14, given that they'd work for you for at least a few years) and etc. That's partially why Fed targets positive inflation. The larger part of the world's economists are scared of deflation a lot more than inflation for a good reason.
Agree with Fed smacking rates down as chief reason for asset price inflation. Although rates are even lower in Europe and Japan and Eurostoxx 50 is below its 2000 level while Nikkei is below its 1991 level. So there are other variables driving S&P craziness. It is a weird dynamic that should reverse over next few years as Dems increase fiscal spending and boomers keep retiring. Not sure why main suggestion for fighting inflation that's affecting a narrow part of the economy (US asset prices) is causing widespread deflation that can break the entire world's economy.
Sir Yarvin,
MALICE. You cannot it seems accept Malice.
You are ignoring the malice the elites bear the commons.
You are ignoring that they don't patronize us-they hate us.
Moreover they fear us and so reasonably enough want us weak, or dead.
We're they not so intrinsically weak and cowardly and we potentially dangerous: dead already.
I notice that Arizona joins NY in this Aktion T4 COVID Euthanasia for the elderly now, we'll see this sort of thing accelerate unless we get regime change.
Because the regime does not want to change.
As for the proposal you mistake feature for bug, let me fix: "The advantage of this design is that it hides systemic losses under the carpet of seignorage."
If you can't kill them directly you can always starve them, this is nothing new.
MALICE. Malice is the core of our elites.
I've tried explaining variations of both of these concepts to people but my reddit tier IQ level and my autistic level of articulation always fail me
Yes. Explains the aristocratic "oppressed peoples, allies, and white oppressors" moral narrative. Because "we" special people are not clerical nobles, not really. Just humble "allies" of the poor and oppressed.
My line is that the current Reign of Woke Terror arises out of the failure of the left's moral narrative and its programs. People tend to amp it up in the face of failure.
But on finance, my line is that inflationary finance is a response to the deflations after the Napoleonic Wars, the US Civil War, and WWI, that resulted in serious unrest. Workers hated the wage cuts, and debtors hated the debt trap. So now we inflate forever and everyone is happy except Curtis.
Outstanding. I keep re-reading this. Almost on par with "How Dawkins got Pwned".
Bro, got a fuckin genuine lol out of me when the lol hyperlinked to double entry bookkeeping wiki
Heroin-steroids are only a problem when you run out of them, dawg!
Reading these poasts while concurrently reading Dostoevsky’s “Demons” is an interesting experience.
I thought "PMC" was some kind of an insult, so I googled "urban dictionary PMC". It... wasn't an insult, but UD delivered. It truly is the only dictionary that matters
You don’t understand monetary policy. Which is fine, most people don’t. Low long-term real interest rates are a demographic phenomenon.
Jesus Christ I like this guy and feel he’s brilliant but sometimes I come away truly feeling like everything I just read went over my damn head. Can anyone Retard-ify this stuff for me? Haha
Would reading a book like Human Action help to understand Curtis when he talks about economics or would I be better off just googling concepts like alpha and beta?