There's also the issue of malinvestment caused by debt bubbles.
You *could* spend money building houses and make a linear amount of profit, or you could spend money building useless tech tech and potentially make exponential profits. Money tends to go where it'll grow, especially in an environment like the past 20 years where if it isn't continuously growing massively then you're basically losing money. People who would otherwise be risk averse have to be extremely open to high risk because that's the only way to get ahead.
Just look at the crypto market. At its peak, bitcoin alone was worth well over 2 trillion dollars, going towards 3 trillion. That's money that went into this tech tech thing that wasn't going into building new houses, new factories, or anything else productive. A lot of it went into building single purpose ASICs or video cards, and we didn't need more single purpose ASICs or video cards. Same with a lot of the overinflated tech stocks. That money ended up going into companies that just ended up getting bloated and lumbering because the money was going into a thing that went up because it went up causing it to go up.
People think money is just money, but it isn't money is a representation of the productivity of an economy. When money is spent on things that are useless, it means that the productivity is going towards useless things and isn't going towards useful things.
You *could* spend money building houses and make a linear amount of profit, or you could spend money building useless tech tech and potentially make exponential profits. Money tends to go where it'll grow, especially in an environment like the past 20 years where if it isn't continuously growing massively then you're basically losing money. People who would otherwise be risk averse have to be extremely open to high risk because that's the only way to get ahead.
Just look at the crypto market. At its peak, bitcoin alone was worth well over 2 trillion dollars, going towards 3 trillion. That's money that went into this tech tech thing that wasn't going into building new houses, new factories, or anything else productive. A lot of it went into building single purpose ASICs or video cards, and we didn't need more single purpose ASICs or video cards. Same with a lot of the overinflated tech stocks. That money ended up going into companies that just ended up getting bloated and lumbering because the money was going into a thing that went up because it went up causing it to go up.
People think money is just money, but it isn't money is a representation of the productivity of an economy. When money is spent on things that are useless, it means that the productivity is going towards useless things and isn't going towards useful things.
It's a famous saying that no matter how many women you put on the job, it takes 9 months to make a baby.
Similarly, it takes a long term to complete long term testing. It doesn't matter how many people you look at in a short term.
Similarly, it takes a long term to complete long term testing. It doesn't matter how many people you look at in a short term.
I really get a kick out of people saying the fediverse is too hard to use, coming from people who don't even run their own instance.
How many times is he going to release a song going "That's it! It's time to stop doing all the bad things! Follow me, I'm going to become something better!"?
I think it's just an annual thing now.
I think it's just an annual thing now.
I wish I could dispute that, but it seems clear that the final result is absolute totalitarian central economic planning in a way that looks like falling into a bottomless pit forever.
Getting a deal off an insanely overinflated price still isn't a deal. The average house price in Canada in 2000 was $164,000. The average house price in 2011 was closer to $340,000. The average house price in 2022 in Canada is over $800,000. That isn't up and down, it's up and up more and up more still. That's not a sane number. It's a perfect microcosm of the reality of the past 20 years. Some people's numbers went up so much that we can ignore all the people whose numbers can't.
The truth is that we've had bailout after bailout. 2001, 2003, 2008, 2020. They hit the nitrous again and again, cranked more cocaine and more heroin into the system to make the numbers rise. It made the numbers rise, but it isn't healthy. Instead of avoiding the withdrawl, we ought to just stop the constant cocaine and heroin and accept the pain so we can get back to being healthy.
Homeless populations are at all time highs. Drug deaths are at all time highs. Gangs infest even small towns. Yeah, there are big winners, but there's a lot of people realizing they can't even play.
The rate hikes and QT are a good start, and I hope they continue. They're going to have to be paired with government policy that stops selling our kids kids into slavery and commits to balanced budgets. Households need to deleverage. Governments need to deleverage. Investors need to deleverage. Money isn't the thing we're trying to achieve, it's what you can do with the money, and the malinvestment caused by excess debt means real resources that could be put towards real productivity are instead being spent on frivolousness.
The truth is that we've had bailout after bailout. 2001, 2003, 2008, 2020. They hit the nitrous again and again, cranked more cocaine and more heroin into the system to make the numbers rise. It made the numbers rise, but it isn't healthy. Instead of avoiding the withdrawl, we ought to just stop the constant cocaine and heroin and accept the pain so we can get back to being healthy.
Homeless populations are at all time highs. Drug deaths are at all time highs. Gangs infest even small towns. Yeah, there are big winners, but there's a lot of people realizing they can't even play.
The rate hikes and QT are a good start, and I hope they continue. They're going to have to be paired with government policy that stops selling our kids kids into slavery and commits to balanced budgets. Households need to deleverage. Governments need to deleverage. Investors need to deleverage. Money isn't the thing we're trying to achieve, it's what you can do with the money, and the malinvestment caused by excess debt means real resources that could be put towards real productivity are instead being spent on frivolousness.
I doubt the millennials will be any different either. Probably not Gen Z either. It won't be until the current generations of adults have broken everything so badly there's no can left to kick that some poor bastards in the future will have to actually do the right thing.
"Look at that ass. That's an ass you get from reaping souls all day. You can't buy an ass like that."
I'd argue the past 20 years were great depression levels of bad for main street anyway, all while we turn into a feudal society as the megacorps we saved just used our own money to snatch up all the assets normal people who aren't immortal soulless legal constructs need to not die.
I just think about what's happened to home prices, what's happened to rents, what's happened to energy, and importantly what hasn't happened to wages. It's been the greatest wealth transfer in the history of the world, and it's created several of the richest people in the history of the world.
I understand why we might not want to feel the pain, but every time we take that heroin, it's one more step away from ever going straight.
I just think about what's happened to home prices, what's happened to rents, what's happened to energy, and importantly what hasn't happened to wages. It's been the greatest wealth transfer in the history of the world, and it's created several of the richest people in the history of the world.
I understand why we might not want to feel the pain, but every time we take that heroin, it's one more step away from ever going straight.
I'd personally have preferred we let the companies that made unreasonable risks just fail completely. It would have hurt a lot more in the short term, but the idea that megacorps need to be bailed out is a great way to make sure we have nothing but megacorps :(
"Hmmm. Sociopaths go around solving everyone's problems for them because another outpost needs your help..."
The only BSD machine I've got is my firewall, which happens to run freebsd.
I intended to run my webservers on openbsd, but then I remembered I don't know anything about bsd and if I was going to actually get anything running I should choose a platform that's more common.
I intended to run my webservers on openbsd, but then I remembered I don't know anything about bsd and if I was going to actually get anything running I should choose a platform that's more common.
There's a good saying: "History is written by those who show up". At some point somebody somewhere has to do something. We are in a world filled with people who try to get someone else to do something, so it's an extraordinary act to actually do something you want done.
guys dont worry im an expert
the key is the clitoris. you just walk up to a sexy lady, touch her clitoris, and its on.
there are no limitations to this technique definitely walk up to random women and try this this is legal advice
the key is the clitoris. you just walk up to a sexy lady, touch her clitoris, and its on.
there are no limitations to this technique definitely walk up to random women and try this this is legal advice
It's the transition so they can start to gaslight us and pretend they didn't act like a bunch of literal nazis for the past 2 years next time they need to act like a bunch of sanctimonious pricks.
I'm sort of sad that Mr. "Hitler did nothing wrong" won't own a social media site.
I mean, that's frickin hilarious!
I mean, that's frickin hilarious!
Ironic since Canada is led by der fuhrer Trudeau who wants nothing more than butt pats from California.
https://home.treasury.gov/data/troubled-assets-relief-program
According to the treasury, The TARP bank bailout was ultimately a program in the green by 7 billion dollars.
That's not including all the other haywire stuff mind you, just TARP itself.
According to the treasury, The TARP bank bailout was ultimately a program in the green by 7 billion dollars.
That's not including all the other haywire stuff mind you, just TARP itself.