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Cake day: June 17th, 2023

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  • Maggoty@lemmy.worldtoLemmy Shitpost@lemmy.worldMeal prep
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    23 hours ago

    Well they aren’t wrong. They just come from a time with a lot less consumer safety. And we’re headed back with fake UL stuff being sold in stores. We kind of grew up in a golden age of consumer safety. We even made jokes about “don’t use grandma’s extension cord”.





  • So many people don’t realize government positions have hard and soft requirements. Usually the hard requirement is the degree unless there’s profession specific stuff, (like Computer Security requiring the certification). Everything after that is generally how well you can convince them that you do actually have experience or how badly they need bodies. You might start at a lower pay level if it’s the latter but it’s a job and it promotes on time if you stay on top of it.


  • Alright, think about this for a minute. We produce enough food to feed everyone on the planet. But even without war or closed borders there are countries where people go hungry. Purely for economic reasons.

    There’s enough housing in the US to house all of the homeless. But we don’t want to support rural areas so people have to move away. And we treat housing as an investment activity so instead of building to need, developers build to market. That means there will never be enough in the large metro markets because if there was, they would lose money.

    I can go on. The idea that capitalism is the most efficient system of distributing goods is fatally flawed.



  • Maggoty@lemmy.worldtoLefty Memes@lemmy.dbzer0.comModern Monetary Theory
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    3 days ago

    Too many people don’t understand this point. When we force the interest rate to be low that’s allowing more loans which creates more money. So when the Republicans come in and promise to stop printing money and lower interest rates for mortgages… Alarm bells should be going off. But we’re too busy teaching kids to repeat lists of names and places to teach them real stuff.


  • Maggoty@lemmy.worldtoLefty Memes@lemmy.dbzer0.comModern Monetary Theory
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    3 days ago

    I think this is lost on a lot of people. You used to have to physically store assets or money in order to have that money. You no longer need to. This breaking of money from physicality has second and third order effects that Keynes and Friedman just weren’t equipped to understand. Credit in large organizations or wealthy families approaches digitalization but it’s not actually the same thing as 90% of the country holding their money in digital accounts that can be fractionally leveraged by the banks.

    At the end of the day we need new big theories on the behavior of digital economies. MMT is a step in the right direction but we need more. Especially work on systems of distribution. We’re effectively in a post scarcity world but we insist on a distribution of basic goods that creates scarcity.