Earlier quoted context omitted.
I assume it was to make me laugh, which it did. Nobody actually thinks "regulations are bad." The point that is being humorously made is that these things have significant trade-offs and you're pretending not to get it. And I have to compliment you on playing the straight man in the exchange, it wouldn't have been nearly so funny without your participation! We saw the same thing in early LAN engineering when Ethernet…
Literally half the political commentary in the nation talks like all regs are bad, not just a matter of trade offs. Thanks for the negging, makes for intelligent comments just like posting one line regan slogans for “humor”
Eggs are 60% more expensive than last year in the US
381–389 of 389 posts
Re: Eggs are 60% more expensive than last year in the US
#382Earlier quoted context omitted.
I think it's more of a blending of what's racist vs what's classist in America. The argument should be that regressive taxes like soda taxes, much like speeding tickets, affects the poor at a much greater clip. Who cares about a soda tax or a speeding ticket when you make 500k a year? If you make that much and you want soda or you want to speed, you're going to do it. However, if you make 28k a year, the calculation…
I agree, but isn't it necessary to reckon with the fact that historically, explicitly and intentionally racist policies (for example, Jim Crow voting laws) often laundered themselves, when convenient, through classism in order to escape scrutiny? Put differently, would you contend that poll taxes were not racist? Also, wouldn't we expect that organizations that are explicitly anti-racist would conclude that because c…
I would not contend that they were not racist. I wasn't implying that every classist action is actually racist or vice-versa. Just that some are incorrectly labeled for rhetorical effect.
> addressing them still increases racial equity even if they are ostensibly motivated by race-neutral class concerns
Yep, nearly anything that effects class equity in the US will also effect racial equity.
Re: Eggs are 60% more expensive than last year in the US
#383Earlier quoted context omitted.
https://www.covidmoneytracker.org/ Capitalism still works. You can only price gouge where you have a monopoly and unless you're proposing some massive intra/inter-industry wide conspiracy the answer is still simple inflation.
You aren't wrong, let's start with that. But I think we might be talking past one another. I did a deep dive this morning on the Federal Reserve's contribution to inflation, and it looks to me like interest rate hikes contradict quantitative easing. I think they had no choice but to lend more money during the pandemic, or else we might have faced the total loss of personal savings and a global depression. So they mad…
https://en.wikipedia.org/wiki/List_of_countries_by_trade-to-...
This is important as it really underscores what a small part trade is to our economy compared to other nations. America's manufacturing output is still at record levels despite less people working in manufacturing. That is part of why our GDP is so high, the productivity of a single person is constantly increasing with technology.
I also disagree the 'elites can use their wealth to alleviate human suffering'. The elites, billionaires, etc.. do not have enough money between them to pay for better hospitals, schools, fair laws, etc.. They also don't have the ability to control prices as they're constantly competing with each other. They are a lot less powerful than you think.
The changes happening in society are more often than not capitalism itself balancing limited resources the best it can. Society is massively complex, way out of scope for any single human to understand or control. The fed and legislature printing money disrupts that self regulating process.
Re: Eggs are 60% more expensive than last year in the US
#384Earlier quoted context omitted.
One hundred grams of apples (with skin) consists of 86 grams of water and 10.5 grams of sugar (mostly fructose), 2.5 grams of fiber, and negligible everything else. The only vitamin present in apples in non-trivial quantity is vitamin C. There is as much protein in broccoli as there is fiber in apples. To get your daily suggested intake of fiber (30 grams), you'd need to eat almost three pounds of apples a day.
Assuming what you say is true, an apple provides you with about 1/27th the amount of carbs the FDA recommends in a day, and 1/12th the amount of fiber recommended in a day. I fail to see the harm. If I did feel wild one day and decide to down a dozen apples (I'm not sure I physically even could), I'd meet my fiber RDA for that day, and still have only eaten 504 calories worth of carbs. You may object that I'm not get…
Seeing no harm in eating apples is like seeing no harm in eating candy. Sure, eating a piece of candy once is trivial -- but you're insisting on candy as a part of my diet, not as an incidental, rare snack. Eating candy only has downsides.
Re: Eggs are 60% more expensive than last year in the US
#385Earlier quoted context omitted.
And Biden's still trying to give away more in student loan forgiveness and has still paused payments.
Giving away money doesn't cause inflation. Printing money does though. If he was printing money specifically to finance this it would be causing extra inflation.
> Using the relationship in Figure 1, we calculate this as an increase of the PCE price level from 295.7 to a midpoint of estimates of 300.2, plus or minus 0.9.
> Expectation of additional debt forgiveness programs evokes a moral hazard incentive for college students to take out more loans and for universities to increase tuition rates.1 To the extent that inflation is inherently persistent, any initial price level increase would also lead to sustained inflation over the near future.
Re: Eggs are 60% more expensive than last year in the US
#386Earlier quoted context omitted.
You aren't wrong, let's start with that. But I think we might be talking past one another. I did a deep dive this morning on the Federal Reserve's contribution to inflation, and it looks to me like interest rate hikes contradict quantitative easing. I think they had no choice but to lend more money during the pandemic, or else we might have faced the total loss of personal savings and a global depression. So they mad…
It's a long response and I appreciate you putting the effort into it. Half way through you start making some predictions that I don't quite agree with. A lot of your argument hinges on trade which I don't as a huge deal for the US. The import/export ratio is 0.77 which is fine, there is a deficit but it is relatively low compared to GDP. Actually if you take imports/exports and compare it to GDP, US is one of the low…
What triggers me about this stuff is power imbalance. After I got out of school, I moved furniture for 3 years in the early 2000s around the time of the Dot Bomb, 9/11 and wars in the Middle East. I worked harder physically than some people do over a lifetime. But I had no money. Then I had a job repairing computers for 3 years during the housing bubble pop. I repaired up to 3-8 computers per day, 6 days per week sometimes, and I had no money. I've had countless software projects fail to generate income, and again, I had no money.
Meanwhile I watched my employers throw around vast sums. It costs more to fill a semi truck with fuel than to pay lumpers to load and unload it all day. Heating a warehouse costs a small fortune. My bosses bought the strip mall we worked in while we were coming up short in pay $100 every month. I experienced the endless insults inflicted on labor firsthand.
It wasn't until I was exposed to New Age philosophy in the late 2010s and the pandemic that I started getting over myself. I realize now that my struggles were something that I chose to take on for their experience in this life. I let others dictate my time and didn't communicate my needs or set boundaries, and learned the hard way how personal growth works.
What I'm getting at is that we all let the wealthy be wealthy at our pleasure. We could turn the tables at any time, but we don't. Why is that?
So what I mean about elites alleviating suffering, is that they could do it without doing anything at all, simply through messaging and culture and doing the shadow work to understand why they hoard wealth to such a degree. They could steer us away from subjugation and exploitation towards egalitarianism and self-actualization. But they're ok with skimming 3/4 of productivity from their workers. And it's not even always their fault, because that's just how business works under capitalism. They're every bit as trapped as we are, if we look at metrics like leisure time. In fact, they may be even more trapped, because their material comfort blinds them to the plight of others. Which touches on the religious aspect of all of this, how for whatever reason humans tend to put themselves in The Matrix to live up to external expectation. That's a lot to unpack, so I'll leave it at that.
Good point about trade, I agree that something has always bothered me about people harping on about the trade deficit. Probably what's going on is that we don't have an economic measure for stability. Countries love to do business with the US because it's reliable. They make the products and get paid, so it may be worth doing even at a loss. We forget how difficult it is for them to make money locally. But in fairness, we also forget how our lack of fair trade policies impacts their ability to do business. Again, it evolves.
The fed bothers me too, for what it's worth. I don't think it's right that some people are able to print money arbitrarily, while others are stuck in zero-sum games. Like, why should banks get bailed out while we all have to go bankrupt? That's fundamentally discrimination against the poor, performed under the guise of protecting the poor from economic downturns. We can't stop the banks, and maybe they won't let us have UBI, but maybe we could vote for the government to provide low-interest loans of perhaps $10,000 to create competition. Or maybe that would create its own problems, I don't know. But access to capital is literally the single most important thing under capitalism, and that's being denied to millions of hardworking people in our society right now for.. reasons.
Anyway, I have no real argument to make here. It's been good chatting, and thanks for not jumping all over me about some technicality I overlooked! I like to think of this stuff as breadcrumbs for further thought, not solutions wrapped in a bow.
Re: Eggs are 60% more expensive than last year in the US
#387Earlier quoted context omitted.
Giving away money doesn't cause inflation. Printing money does though. If he was printing money specifically to finance this it would be causing extra inflation.
https://www.richmondfed.org/research/national_economy/macro_... > Using the relationship in Figure 1, we calculate this as an increase of the PCE price level from 295.7 to a midpoint of estimates of 300.2, plus or minus 0.9. > Expectation of additional debt forgiveness programs evokes a moral hazard incentive for college students to take out more loans and for universities to increase tuition rates.1 To the extent th…
Re: Eggs are 60% more expensive than last year in the US
#388Earlier quoted context omitted.
>I do not understand Well, that's an easy fix. Ask your employer to cut your salary to ~$20k-$30k. Tell them that you're going to be in the office at 7 on-the-dot, and he can write you up if you're 5 minutes early or late; you're going to be there for 8-10 hours, w/ a 30-minute lunch and two 15-minute breaks (again, write-ups for taking even a minute longer than alotted). Sell your car, get a used one (financed, of c…
I don't see how any of that stops someone from "making stir fry with chicken breast/thighs, frozen veggies, and rice" as OP put it. Maybe the chicken is the most expensive part of that. What does your retirement account or mattress have to do with taking a few minutes to cook some veggies and rice?
And for the record, I cook, but I only have time to because I'm unemployed.
Re: Eggs are 60% more expensive than last year in the US
#389Earlier quoted context omitted.
>I do not understand Well, that's an easy fix. Ask your employer to cut your salary to ~$20k-$30k. Tell them that you're going to be in the office at 7 on-the-dot, and he can write you up if you're 5 minutes early or late; you're going to be there for 8-10 hours, w/ a 30-minute lunch and two 15-minute breaks (again, write-ups for taking even a minute longer than alotted). Sell your car, get a used one (financed, of c…
So much of what you described happens because people intentionally make those bad decisions. That being said, you can still feed yourself well in the above scenario. What the parent described is nutritious and not expensive, and people get food stamps to cover food if they cannot pay for it. The actual problem is that people refuse discipline and don’t want to give up their vices and bad decisions. People hide behind…