
toastmeister
Central bank monetary policy requires that we pay 2% more for goods every year as technology makes things cheaper and we exclude asset price inflation. They construct a wall of debt via low interest rates for inelastic goods like housing in order to provide a windfall to boomers in order to force the prices of goods upwards, every new mortgage new money supply being created.
That wall of debt that is gatekeeping inelastic shelter is what poverty looks like, prices can’t rise without providing new money supply, and some poor smuck holding that IOU for the first movers to consume. Blaming the rich, whose nominal asset value is inflated by this system, is a naive view; they are simply being spoon fed wealth in a desperate attempt to get them to consume a portion of it. Every bailout for any type of correction caused by an error or oversight in the system is then funneled back to them as wages are debased.
This likely explains the fanaticism around Bitcoin and gold, I think we can all see who is served by the existing system, and its definitely not the poor.
Europe broke their own procurement laws in order to choose Microsoft for the cloud, its good that tariffs were enough for them to finally follow their own laws.
we got in this morass because the neoliberal state and its accompanying economy financialized every damn thing
The problem is monetary policy, not deregulation. Deregulation of zoning and housing policy would actually prevent monetary policy from creating such a large housing bubble.
Our Bank of Canada targets a 2% inflation, which means prices need to continuously rise as technology actively reduces goods prices, and we then exclude investments and housing appreciation entirely, and we do hedonic adjustments to discount goods inflation. Then there’s likely an element of shrinkflation, as company find tricks to cheapen products or degrade services, which lead to no inflation in the CPI but higher profits and then lower prices.
So the money supply needs to grow via low interest rates, in order to provide a windfall to boomers to encourage them sell their real estate holdings, to create new bank loans, to increase the money supply, which turns into aggregate demand, in order to create inflation in the CPI.
But we can’t build enough houses due to reverse neo-liberalism, so housing acts as liquidity sponges for cheap debt, and people hold them as investments in perpetuity since they think prices are always going to go up. Also as interest rates fall inflation falls, as interest expense is included in the CPI while housing appreciation is not, its a feedback loop due to its poorly constructed nature. The Bank of Canada now also buys half of all mortgage bonds to attempt to reverse this, so they’re actually printing money in order to cause deflation funnily enough, again due to the absurd way the CPI is constructed.
I got a 8bitdo 2c and its got bluetooth/2.4ghz and hall effect joystick for less than 30$.
Give tax credits to companies that help serve content via something like Peertube. They can use their spare capacity.
Use it for CBC as well.
AI will fix this. Everyone will have nudes of everyone, and nobody will believe anything is real.
Even watching porn will be weird, when you can only assume what youre watching is a computer trying its best to not turn the womens bumhole into a picture of a dog.