immutable

joined 2 years ago
[–] immutable@lemm.ee 5 points 10 months ago* (last edited 10 months ago)

The fed controls interest rates. That controls how cheap or expensive it is to borrow money.

Lower interest rates are a great tool if you’ve got people sitting on capital. You lower the interest rates, borrowing becomes cheaper, and capital takes advantage of this to start more enterprises and the economy heats up.

Higher interest rates help fight inflation, there’s too much money in the system, higher rates make getting more money to pump into the system more expensive cooling it down.

Now what a keen observer might notice is that there no direction to move the interest rates which counteract nonsense trade policies.

You can cut rates to 0, flood the market with cheap credit, and if your inputs are tariffed and you can’t turn a profit… it doesn’t change shit.

This is where stagflation thrives. The cheap money floods the economy to try to spur economic growth, but the thing holding back growth isn't access to borrowing, it’s the nonsense trade policies. So the market flooded with cheap money just becomes inflationary.

You get little economic development, high inflation, this is a classic stagflation trap. And trump and his advisors are going to apply maximum pressure to cut rates to “save the economy” from their terrible trade policies and all that will do is sink us deeper into this hole.

[–] immutable@lemm.ee 37 points 10 months ago (3 children)

I’ve normally heard the term “bad faith” used to describe such situations.

You’ll sometimes hear about a lawyer doing this and the judge will chastise them for acting in bad faith or advancing a bad faith argument.

[–] immutable@lemm.ee 4 points 11 months ago

Hey the Nazi shitwagon has got better battery range now for when you need to drive it to the dealership to get it glued back together.

Fuck Elon and his dumpstermobile.

[–] immutable@lemm.ee 28 points 11 months ago (1 children)

He likely has narcissistic personality disorder and so this is less an act and more a mask, a shield. The person he’s protecting the most is himself, he needs to be this facade.

I found this video really quite fascinating about what it’s like caring for a dying narcissist. Whatever family that remains hold out hope that as death itself nears the narcissist might finally let down their guard and show their true self. Apparently the opposite happens.

https://youtu.be/FavgHrxc6oY

[–] immutable@lemm.ee 1 points 11 months ago

Neat, I appreciate your insight. Upvote from me and today I learned.

[–] immutable@lemm.ee 2 points 11 months ago

$100k when I checked on Friday. Not going to check again, that way madness lies.

An entire lifetime of work, living modestly, saving, funding my retirement accounts, paying a financial advisor to help me make responsible decisions.

Blown up by that orange turd.

[–] immutable@lemm.ee 11 points 11 months ago (1 children)

We should make them take an oath to defend the constitution so they would know what they should do…

[–] immutable@lemm.ee 6 points 11 months ago (3 children)

Yea I tend to think than when someone identifies as a Libertarian they almost certainly don’t mean a civil libertarian, which is how the aclu actually identifies themselves.

We have grown from a roomful of civil libertarians to more than 4 million members, activists, and supporters across the country. The ACLU is now a nationwide organization with a 50-state network of staffed affiliate offices filing cases in both state and federal courts. We appear before the Supreme Court more than any other organization except the Department of Justice.

This is literally the only time the word libertarian appears in their own history https://www.aclu.org/about/aclu-history

[–] immutable@lemm.ee 9 points 11 months ago

Thank you.

I feel like a crazy person sometimes because I remember when the ACA was rolling along it was reported that it was just the Heritage Foundation, a notoriously right wing think tank, plan.

I looked into it because I thought “certainly this can’t be true, hope and change and all that” I went and looked up their plan. It was a market based approach that used tax incentives and penalties to increase the size of the insurance pool.

That’s the ACA.

And people act like it’s some litmus test of progressive policy success.

This is what I’ll never forgive Obama about. He captured an entire generation of voters energy stumping with progressive speeches about making real change. He had no real desire to do that, constantly governing from the center / center right.

So that whole generation learned a lesson, progressive policies don’t work. Which is amazing considering that we didn’t even try any. We somehow passed a bunch of corporate friendly policies and peoples lives didn’t get meaningfully better and they chalked it up to “progressives don’t have an answer either”

I think this is a contributing factor to the absolute shit show we find ourselves in today. America has deeply broken problems that are entrenched because them existing makes someone very rich. Not the same guy for every problem, but for every problem in America you can rest assured there’s a small group of assholes that need that problem to exist so they can buy a third yacht. People feel that pain and they went “well fuck, the lefts best orator, the guy with a vision and plan and skills couldn’t fix it” then along comes trump being a blowhard jackass saying “I can fix it” and people were like “sure, let’s try it”

Obama could have actually delivered on that change, it wouldn’t have been easy, he would have had to actually use that supermajority for the few weeks it existed to pass legislation. He would have had to bring blue dogs to heel or blow up the filibuster. But if he could have found the gumption to do it, and those policies meaningfully improved peoples lives, he would have cemented multiple decades of democratic dominance.

Instead he passed uninspiring half assed solutions that tinkered around the edges of our societies most difficult problems. Structured them so that all the pain would be felt up front and all the benefits would slowly phase in over time. Tried to find compromise so that the right wouldn’t attack him and even after giving everything away they screeched about death panels.

[–] immutable@lemm.ee 34 points 11 months ago (24 children)

Liberal policies are an actual thing, a thing that leftists frequently disagree with.

Libertarians are often placed on the right part of the left-right divide. The fact you’ve chosen the label libertarian instead of conservative is animated by the exact same “purity test” that you find so silly.

[–] immutable@lemm.ee 52 points 11 months ago (12 children)

Project 2025 architects after handing over the fascist paint by numbers guide book to trump only to watch him destroy capitalism anyways

Shocked pikachu

[–] immutable@lemm.ee 11 points 11 months ago* (last edited 11 months ago) (1 children)

trump literally doesn’t understand anything.

Take trade imbalances for a minute. As an contrived example, we buy $1m worth of steel from Canada, they buy $100k worth of steel from us.

There’s a $900k trade imbalance, and you can tell how trump talks about it, he thinks that means we just gave $900k to Canada for fun.

He completely ignores the part where we traded $1m for $1m worth of steel. We get the fucking steel, it has value, we know it has value because we were willing to pay for it.

But just listen to him talk about trade, he doesn’t understand that basic component of trade. He thinks a $X trade imbalance means we just give that country $X for nothing. He is the dumbest motherfucking idiot on the planet.

We will all get to be that strange old person who won’t discard an orange peel because we lived through the second Great Depression.

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