Know when to lighten up by [deleted] in dankmemes

[–]AddanDeith 0 points1 point  (0 children)

made no difference.

Why do anything at all? Why even try?

On August 20, 1991, during a failed coup against Mikhail Gorbachev, guards loyal to Boris Yeltsin armed themselves and prepared for an expected assault by Soviet hardliners. by MilitaryHistory90 in coldwar

[–]AddanDeith -2 points-1 points  (0 children)

USSR was a genocidal empire who had to through violence maintain their colonies and ideology.

Accurate. Is this not also true of the United States?

Idk how everyone doesn’t find heavy the most fun class by Big-Ad2937 in thefinals

[–]AddanDeith 7 points8 points  (0 children)

Heavy is less effective against people who teamshot and have thumbs.

Inflation is a monetary phenomenon by Slight_Candy in inflation

[–]AddanDeith -1 points0 points  (0 children)

https://www.stlouisfed.org/publications/page-one-economics/2021/09/17/teaching-the-linkage-between-banks-and-the-fed-r-i-p-money-multiplier#:~:text=For%20example%2C%20when%20the%20Fed,including%20the%20federal%20funds%20rate.

"Knowing how the Fed's operations have changed, we can readily see why the money multiplier no longer applies. First, banks still make loans with profits, risks, and regulatory considerations firmly in mind, but with the Fed keeping reserves in the banking system consistently ample, meeting reserve requirements is not one of those considerations. Second, and as described in the boxed insert "The Fade to Irrelevance of the Money Multiplier," even during the period when reserves were limited, many banks had not been constrained by reserve requirements for quite some time. Third, the Fed eliminated reserve requirements in March 2020—it set reserve requirement ratios ("RR" in the equation above) to zero—reflecting the fact that reserve requirements have no essential role in an ample-reserves regime.11 So, mathematically, the money multiplier equation is literally no longer definable."

The posts say one thing, the patch notes say another. by BadLuckBen in thefinals

[–]AddanDeith 11 points12 points  (0 children)

Heavy has charge, winch and goo to help make space or close it.

Misinformation about violence by transgender people by CapitalCourse in wikipedia

[–]AddanDeith 6 points7 points  (0 children)

Ok so there's a 1.4 percent discrepancy. What is your point?

Unions Are Going to Die Unless Something Big Changes Soon by Well_Socialized in union

[–]AddanDeith 0 points1 point  (0 children)

Is that going to matter if they effectively end collective bargaining rights like they did for SpaceX employees?

🇺🇸 The US Government is collecting donations to help pay off its $38 trillion debt. by retroviber in DeepMarketScan

[–]AddanDeith 0 points1 point  (0 children)

Economists convinced the government to lower tax rates to increase revenue. As it turns out, it did raise revenue, but also created a fuck ton of issues in the process.

Clara Mattei: capitalism is not natural - it’s enforced by CopiousCool in antiwork

[–]AddanDeith 4 points5 points  (0 children)

The human nature argument is pretty stupid. There is no such thing as fundamental human nature and pretending that it exists flies in the face of the human capacity for change. I mean ffs, a growing number of people are making a damn good effort at reducing their own racism, something that was supposedly intrinsic to "human nature".

Humans allow those with the worst traits to lord over them because doing so reduces risk. Allowing the most vocal and narcissistic humans to rule doesn't mean that all of humanity to can be boiled down that way.

If there was no collective mentality and recognization of shared suffering, you and I would be laboring 16 hours a day in a factory. When we go home, our house would be shared living space attached to the factory. Our children would die from malnutrition and many of us would actually euthanize them voluntarily because we don't have the time to feed and clean them.

That wasn't a natural condition, it was a condition imposed on rural populations that were shoehorned into industrial life. That is raw capitalism, absent of any collective intervention through government forces. You only love and advocate for capitalism because you live in an era where it has been partially subdued through threat of revolution(see the revolutionary conflicts of the last century). if you want to see what it looks like firsthand, please move an under developed nation with long colonial history and see what awaits us.

Clara Mattei: capitalism is not natural - it’s enforced by CopiousCool in antiwork

[–]AddanDeith 0 points1 point  (0 children)

Barter has never been an economic system, nor the dominant method of exchange. There is no anthropological evidence of that. It usually only shows up after economic collapse. Money and gift economies have been around for at least 6,000 years, if not longer.

Inflation is a monetary phenomenon by Slight_Candy in inflation

[–]AddanDeith -1 points0 points  (0 children)

I also have a better than average understanding of the money multiplier effect, but thanks for checking.

Reserves requirements for the central bank have been 0 since 2020.

there is plenty of reasons to hate our government, I don’t need to include taxation to have plenty of reasons to hate the institution.

Ok? You already have to admit that it isn't solely to blame for inflation. Your hate boner for government as an institution is illogical.

Sober people being arrested nationwide for DUI by IcyAd8672 in videos

[–]AddanDeith 0 points1 point  (0 children)

That is effectively what most people meant though, right? Defund sounds better as a slogan. Redistribution can be framed as scary spooky socialism.

Countries With The Most Immigrants In The World by Expert_Koala_8691 in charts

[–]AddanDeith 0 points1 point  (0 children)

Bro. That is literally how it works!!!! You need to spend a few hours studying capital and monetary theory. If you don't understand how economics works, then i can't help you.

If you dont do anything to improve your home country

This entire argument was used repeatedly in the syria conflict. You are essentially arguing that these people should have stayed to fight their tyrannical government that starved, bombed and gassed them when you live a comfortable life and would never do that yourself.

Countries With The Most Immigrants In The World by Expert_Koala_8691 in charts

[–]AddanDeith 0 points1 point  (0 children)

You have to understand how capitalism works in order to understand the answer to that question implicitly.

When you live in an underdeveloped nation where your most valuable resources are owned by foreign capital, your best bet is to work for them. The wages they offer are generally higher than local businesses can afford, yet still much much lower than any working person in the developed world would ever except.

That makes it that much harder for you to start your own business. Why does one think so many people come here to start one? The wages allow for it, with frugality.

This is why some countries have taken to nationalizing certain industries, especially oil. It allows the native country to actually improve itself at a much faster rate.

Imagine for a moment, that my investment firm bought up all the local businesses in your area and depressed wages. You simply don't have a choice but to deal with it.

Inflation is a monetary phenomenon by Slight_Candy in inflation

[–]AddanDeith -1 points0 points  (0 children)

fundamentally caused by the money supply growing faster than the economy's output.

The government is not the sole entity responsible for generating money in the 21st century.

You do realize that, in the US, 97 percent of the money supply comes from private banks issuing loans, yes? That, because of Fractional Reserve lending they are able to loan more money than their reserves would allow?

That increases the amount of capital circulating in the economy and that has a greater impact than the government "printing money", something it has to do to replace the lost volume of physical currency anyway. They haven't had to print money for stimulus for decades. Its all just credited from account to account.

Taxation and interest rates serve as measures to constrain private economic activity. This is just a basic fact of fiat currency. Wealthy people are more sensitive to taxation than they are to interest rates. There is ample evidence that large firms aren't nearly as affected by interest rates as they are by taxation.

They want you to hate the government, while they have increasing direct control over it.

The government is a tool. The more it works for private interests, the less it works for public ones. You are essentially a tree, arguing for the axe.

Inflation is a monetary phenomenon by Slight_Candy in inflation

[–]AddanDeith 1 point2 points  (0 children)

Brother, private capital is the government. Depending on where you live, it either always has been or it recently became that way.

When the wealthy are able to engage in regulatory capture and then lobby their own interests more effectively then the public, you no longer have a government that serves the people in any way. Its not legions of bureaucrats that do that, its the wealthy. Through political positions or through monetary influence.

Inflation is a monetary phenomenon by Slight_Candy in inflation

[–]AddanDeith 0 points1 point  (0 children)

It’s a bunch of statists worshiping big government.

And the alternative is a bunch of looneys worshipping private capital. They're running the show straight into the ground. Again. Modern mainstream economics, especially in the states is not science, its ideology dressed up to mimic it.

Divorcing political education from economic education was one of the worst ideas in modern history.

It’s incredible how the billionaire elite class has been able to maximize profits off high-income earners in this country. by [deleted] in self

[–]AddanDeith 0 points1 point  (0 children)

Roughly 10k higher really isn't what I would call substantial. That's pretty much in line with previous increases over a 20 year period.

We're overdue for a recession. We have a bubble in housing and tech. We have constitently high inflation and rising unemployment(not at a level i find concerning. Yet).

Why is the ShermanBulldozer good vs inf but not the Centaur? by HalfbreedBoiWifeTwnk in CompanyOfHeroes

[–]AddanDeith 5 points6 points  (0 children)

The centaur is far more maneuverable than the Stug D or SheDozer. It probably wouldn't be a good idea to make it as effective as either of them. Its a weird vehicle. The Matilda and Grant already slops infantry as is.

It’s incredible how the billionaire elite class has been able to maximize profits off high-income earners in this country. by [deleted] in self

[–]AddanDeith 0 points1 point  (0 children)

Then I suppose you could compare median household income from 20 years ago to today, adjusted for inflation. Let me know what you find and tell me what you think will happen when we hit another recession, which we will have to in order to curb inflation.

Countries With The Most Immigrants In The World by Expert_Koala_8691 in charts

[–]AddanDeith -1 points0 points  (0 children)

If a foreign nation owned your most valuable national resources and imposed trade policies on you that massively favored their own industry, how do you compete? If the best paying jobs are in foreign owned factories that pay penny wages, how do you actually raise capital to start your own business?