271–280 of 871 posts
The US drift into Adam Curtis' broad thesis in hypernormalisation(a) continues apace I see. Great to see J Pow putting up a fight but I fear this is all going one way. (a) >We live in a world where the powerful deceive us. We know they lie. They know we know they lie. They don't care. We say we care but do nothing.
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The US drift into Adam Curtis' broad thesis in hypernormalisation(a) continues apace I see. Great to see J Pow putting up a fight but I fear this is all going one way. (a) >We live in a world where the powerful deceive us. We know they lie. They know we know they lie. They don't care. We say we care but do nothing.
I think the real test will be, not whatever this administration does, but how much of that survives into the next one - how much is the new normal versus how much is a temporary aberration. That’s true even if the next administration is Republican (Vance or whoever), but especially true if the next administration ends up being Democratic instead-which while not certain, has decent odds-the more Trump defies norms, th…
It’s very clear now that we need a lot more regulation of what presidents can and cannot do. Not to mention judicial reform. But if you’re a democrat theoretically getting power in 2028 you’re going to have immense pressure to move forwards, focus on kitchen table issues, yadda yadda.
I’m aghast but numb to this now. The biggest question for me now is how the usual defenders of this lawless administration will try to defend this or both sides it.
This is... just crazy. One of those mostly boring bits of plumbing that has been left to professionals throughout the entire 50 years of my life - and they're trying to wreck it.
There hasn't been a single point in my shorter life so far where things have been this out of control. The fed is supposed to be as non-political as possible. I know politics and the economy are intertwined, but tell me how this won't end up a disaster please. How do we get back to the USA we had even 10 years ago?
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Do you have an alternative to the Fed? Likes and dislikes has nothing to do with it. Or let me ask you another way — why do you dislike the Fed?
I dislike that the Fed operates as if the happiness of the investor class is their number one priority.
The investor class has capital, and America is capitalist. I’m not the biggest fan either but we gotta acknowledge the reality we live in.
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Do you have an alternative to the Fed? Likes and dislikes has nothing to do with it. Or let me ask you another way — why do you dislike the Fed?
The libertarian view is that interest rates should be decided by the free market and not a central bank. Mainly due to what we're seeing now (the executive trying to take it over) and that a small board of people can make bad decisions that have reaching effects.
The Federal Reserve was not created “just because”. The US banking system was wildly unstable when run… largely as the libertarian view would have it.
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You should read up on some market history, if you’re making ridiculous claims like this. > The interest rate can be set via an algorithm. Who writes this algorithm? Are algorithms without biases?
Do you know anything about how data science works? The algorithm is to be tuned over historical data to optimize for an unchanging reward function. The problem isn't that complicated if you think about it.
> The algorithm is to be tuned over historical data
So you’re saying that historical data can’t have biases? Data cannot be collected and shared (or not collected a la jobs report) to manipulate the output? Seems a bit of a naïve take if you ask me.
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He printed way too hard when Trump asked him to in '20.
My understanding is the United States has one of the strongest post-pandemic recoveries, the printing was definitely a factor.