520
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 20 May 2024
520 points (94.7% liked)
News
23388 readers
1757 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
If the amount of potatoes we produce every year goes up and the amount of currency we print every year goes up but the amount of gold we have in our vault stays fixed, the real economy doesn't care. You're trading dollars for potatoes and potatoes for dollars. The gold is irrelevant.
But if potatoes go up and currency stays fixed, you have too few dollars chasing too many goods. This deflates the cost of the potato and discourages the next crop. Smaller crops mean food shortages. And food shortages impact social stability. So now you've got riots from a food shortage that was created entirely because you didn't print enough currency to buy up all the potatoes.
Riots from a food shortage because potatoes became too cheap? Funny speculative statement. What about riots because everything is too expensive?
Riots because people stop growing potatoes and start growing bitcoins, in order to chase the highest possible ROI.
You're looking at debt without looking at revenues.
Far worse to owe $10 when you make $10/year than $10M when you make $10M/year. Particularly when I the value of the asset I've purchased is rising faster than the debt-rate. Owning a $100M house on a $10M note is an incredibly deal. Public Debt in service of GDP growth is simply investment. And the ROI on that debt has been incredibly good.