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Joined 1 year ago
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Cake day: June 13th, 2023

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  • So if I understand correctly, the reason it’s outdated is not because we don’t need those pesky banking regulations any more, but that it has been found that banks will just take out their own loans to cover the reserves they need from the central bank, so they can just lend as much as they want, no seatbelts. And the central bank will never run out of loans to give, since they have insane reserves, in their own currency it is technically unlimited.

    So money is not really the thing we think it is. If banks overextend themselves and fuck up, the only thing we’ll see instead of failing banks is runaway inflation in the consumer and asset (housing) markets. Wonder where I’ve seen that.










  • maynarkh@feddit.nltoLinux@lemmy.mlHow do you say SUSE?
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    7 months ago

    That’s about as accurate as if I was adamant that the USA was not pronounced yoo-ess-ey, but ooh-sha, like everyone around me said it for as long as I can remember.

    Non-anglophone countries exist, and there are actually more of them with more people than anglophone countries, and most of these projects come from non-anglophone countries.



  • What you’re saying is true, but in my book, a market is not free because of the lack of regulations.

    Free markets are not stable things, and without regulation, they fail. Regulation keeps markets free. My definition of a free market is the econ 101 one, which is many competing companies, who all are individually unable to affect market prices. Not the weird ancap one, where we throw the reins in between the horses and let companies consolidate into a fascist dictatorship.






  • I’m not talking about philosophically, I’m talking about China paying off my country’s politicians to build massive infrastructure projects benefiting only China, from money lent from China, by companies from China. Or the same deal happening with overpriced rail cars bought from Russia, that are not performing even comparably better than the French ones we could have bought for much, much cheaper.

    My country mostly faces no US pressure except when it’s blocking NATO or EU proceedings, to the chagrin of all the other member states. Even then, the government could do what it wanted, no matter how stupid. Worst thing they did was pay less of the free money that they were paying to help us grow in the first place.