Famous libertarian Friedrich Hayek supported universal basic income
That’s a lie people love to repeat. Hayek was in favor of helping people who needed help, he explicitly was against money for freeloaders.
Together we can build something that was lost to company execs, shareholders and modern capitalism.
Famous libertarian Friedrich Hayek supported universal basic income
That’s a lie people love to repeat. Hayek was in favor of helping people who needed help, he explicitly was against money for freeloaders.
worked fine for millennia without inflationary money
That means until the early 1900s or 1970s when inflation went into overdrive.
our current population boom
Huh what?
deflationary economies are terrible for everyone
That’s a myth spread by modern monetary theorists because they only understand the economy from an inflationary perspective. Economies worked fine for millennia without inflationary money.
I’d love to see any evidence or logical arguments that an inflationary economy is worse than a deflationary one.
Don’t you understand that artificially induced unlimited growth is bad? It’s not about inflation or deflation, but the outcome.
https://www.ecb.europa.eu/mopo/strategy/pricestab/html/index.en.html
The main task of the ECB is to maintain price stability. The ECB’s Governing Council considers that price stability is best maintained by aiming for 2% over the medium term. Price stability creates conditions for more stable economic growth
Crypto is literally just machines wasting energy on purpose to create false scarcity
A monetary system that is designed to lead to eternal, cancerous growth through intentionally inflating the money supply is far worse.
I think it’s pretty simple to see inflation only hurts the have-nots
It hurts have-nots, but also medium to high earners who are forced to spend time to learn and to invest their money if they don’t want to lose wealth. That destroys their productivity or their free time which hurts society as a whole.
It basically happens when people buy money
So you already don’t follow the mainstream economic narrative that consumer prices track inflation, good for you!
to prevent all money from ending up in a single party’s hands.
Inflation encourages and amplifies wealth accumulation.
I understand why it happens
Why does it?
I never understood why inflation was a good thing
It isn’t, that’s a narrative told by politicians, and economists who are primarily paid by the government.
Which is a perfectly normal thing to feel
Dude, irrational fears are something to get therapy for.
It’s actually a centrally planned economy.
It started out as a movement against banks, their power and their meddling with politics, had wide popular support, then it was then taken over by leftist groups and the popular support went away.
Around the same time a new technology was published that allows people to be their own bank.
If you think “crypto” people came up with this I have bad news for you, spamming is as old as the internet, and adding ads to repos is not new. Btw, “cryptobro” is a sexist term that excludes women.
The right is the cause of male depression and loneliness
I feel you, but you should probably say “The right is the cause of MY depression and loneliness”. Different men have different experiences, and suffering doesn’t depend on whatever people perceive as “left” or “right”.
Right, surely the energy intensive AIs will make the world invest in climate-friendly energy instead of just burning more fossil fuels as they always did.
You linked to the article but didn’t read this part?
In 2021, Altman personally provided $375 million to private U.S. nuclear fusion company Helion Energy, which since has signed a deal to provide energy to Microsoft (MSFT.O), opens new tab in future years. Microsoft is OpenAI’s biggest financial backer and provides it computing resources for AI. Altman said he wished the world would embrace nuclear fission as an energy source as well.
Yeah, nothing about fossil fuels.
Not sure how more boomers would help…
Who would have guessed…
Personally, I never cared about such silly shit and didn’t worry, which created a lot of stress because I didn’t deal with the actual problems. I was living below the poverty line and a drunk at the time. I think worrying or drinking doesn’t improve anything.