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InitialsDiceBearhttps://github.com/dicebear/dicebearhttps://creativecommons.org/publicdomain/zero/1.0/„Initials” (https://github.com/dicebear/dicebear) by „DiceBear”, licensed under „CC0 1.0” (https://creativecommons.org/publicdomain/zero/1.0/)TO
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  • 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.

  • 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.

  • Doomberg, the most popular energy market substack poster, has a theory that Trump wanted Carney to win in order to push an east to west pipeline during an Alberta sovereignty crisis. It actually seems to be going all as they predicted, including Trudeau stepping down and Carney then winning the election.

    Its a fun theory anyways.

    https://www.youtube.com/watch?v=8kA0JzxylvE

  • The NDP started as a merger of labor party, saying they are a hero after a decade of abandoning labor seems silly to me. Thats how it ties together.

    The NDP who brought us universal healthcare actually fully funded everything via taxes, the current incarnation of the NDP didnt fund a single program they created, meaning it is funded with future austerity with interest and inflation.

  • Europe doesnt want federated services, they want censorship.

    Saying that oil production lowers emissions by displacing coal will be called climate misinformation, saying immigration needs to be lower due to a housing crisis will be called hate speech, using Bitcoin instead of the digital euro will be called terrorist financing. They're already arresting people who do something as benign as retweet things, its a slippery slope.

  • -Mass immigration and loosening regulation so temporary students can work 40 hours a week when we finally had wage pressure, as people asked for simple cost of living adjustments after massive asset price inflation and corporate revenue.

    -Allowing unions to be forced back to work, eliminating all bargaining for wages.

    -Ignoring the cost of living increases from QE and unfunded stimulus, by not taxing the rich a dime to pay for any of it.

    Am I wrong in any of this, I'd love a carefully thought out retort that isn't Cons bad.