21–30 of 180 posts
No wonder the IMF head said we need a "Great Reset". This can't end well...
So now I have to wonder: are those pictures representative of the US as a whole?
oh wait.
What a nonsense. Like if the USA is the only one doing it.
Everybody is doing it and at the same time.
I hope this help some people to dispel this myths about the "public debt" and living to the grandchildren expense. What markets are covering this public debt when everybody is doing it at the same time?
If something, this situation show how strong the modern economy is. Think about it, a big part of the economy just stopped and the supermarkets are full and there are not supply problems.
People are suffering because they are not payed, not because there is not food available. Compared that to what would happen in other times in history if a relevant percentage of the population stopped working globally.
Looking at those pictures from Norway I'm struck by how different our countries actions have been during this crisis. Here hardly anything is boarded up (even business that have failed or gone online-only just have an A4 notice in the window explaining the situation and apologizing for the lack of service), and even when things were at their worst there were still people in the streets, a lot of shops, offices, and i…
Looking at those pictures from Norway I'm struck by how different our countries actions have been during this crisis. Here hardly anything is boarded up (even business that have failed or gone online-only just have an A4 notice in the window explaining the situation and apologizing for the lack of service), and even when things were at their worst there were still people in the streets, a lot of shops, offices, and i…
Earlier quoted context omitted.
>Somewhere between the 1970s and 2000s I think you'll find it was precisely 1971.
https://wtfhappenedin1971.com/
Earlier quoted context omitted.
https://wtfhappenedin1971.com/
Some of the arrows are so randomly placed it reminds me of: https://www.tylervigen.com/spurious-correlations https://www.buzzfeednews.com/article/kjh2110/the-10-most-biz...
Earlier quoted context omitted.
https://ga-covid19.ondemand.sas.com/ looks like case count has been flat for the past couple months and deaths are down.
Flat? there is literally a second peak on the daily case count chart and a 3rd peak is forming. Deaths have been dropping but are now flattening off and primed to rise.
Two parts of this short and powerful piece really leapt out at me: > all under the auspices of a hard line Republican administration > Washington under any administration will have no choice but to bail out all the state and local agencies and every insolvent pension scheme wholesale There are underlying problems being forced to the surface by COVID that go deeper than political parties. Somewhere between the 1970s a…
Economy is NOT a social construct, fabricated or not. Economic laws are direct consequences of physical laws (i.e. scarcity is the result of Fermi statistics which makes material things to take space and of the no-cloning theorem which means the material things cannot just pop into existence because somebody wished them), or otherwise rather tautological mathematical statements (for example the first welfare theorem…
Importantly, the idea that state intervention is bad for the economy as a universal rule is simply wrong. In the long run, history clearly teaches that mixed economy work (e.g. a la Keynes), while laissez-faire (e.g. a la Friedman) or centralized economies (e.g. a la Communist) don’t. Striking the right mix requires society input in the form of political debate.
We desperately need this to happen now in the West. While I have nothing about Jeff Bezos as a person, but billionaires simply should not be allowed to exist. They are the symptom of a « Laissez Faire » system in terminal state.