• 0 Posts
  • 7 Comments
Joined 2 months ago
cake
Cake day: February 16th, 2025

help-circle

  • turnip@lemm.eetoMicroblog Memes@lemmy.worldtime to get out
    link
    fedilink
    English
    arrow-up
    3
    arrow-down
    1
    ·
    3 days ago

    https://saifedean.com/the-fiat-standard-chapter-11

    This ones got a good section on the great depression.

    “The imposition of trade barriers in turn resulted in a further deterioration of economic conditions in the countries imposing them, even as their own citizens suffered from these very policies. The governments imposing such barriers, and the economists advocating them, would of course never admit that inflation, increasing centralization, and protectionist policies caused the progressively worsening depression. Instead, political leaders blamed other countries and local ethnic minorities. Years of scapegoating and growing hostility toward foreigners and minorities came to a head in 1939. The world’s totalitarian fiat regimes began to turn on each other and on their ethnic minorities. Hayek had identified this threat to global peace in his “Monetary Nationalism and International Stability” lectures in 1937.”


  • turnip@lemm.eeto196@lemmy.blahaj.zoneHuman rulesources
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    4
    ·
    edit-2
    3 days ago

    Many countries started mass immigration after the global inflation caused by global QE and money supply growth, in order to prevent wage inflation. They did this mass immigration just as central banks were raising rates to cool the economy.

    This is likely what you are feeling, there was a small time when there was a labor shortage and all the talk of ‘quiet quitting’ before they started this scheme, as depicted by the phillips curve, now its too many workers fighting for too few jobs as high interest rates slowed things down.

    https://en.wikipedia.org/wiki/Phillips_curve





  • turnip@lemm.eetoLemmy Shitpost@lemmy.world🪨 Rock on 🪨
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    6
    ·
    edit-2
    1 month ago

    Do you live in a house? Somebody spent a lot of effort to build it, and expecting it for free would be silly, and its the same with many other things.

    The thing that youre mad about is the fact living standards are falling, because your central bank can print unlimited sums of money out of nothing, as interest rates are set artificially low to monetize debt; which encourages debt accumulation via the cantillon effect, which creates serfdom via a gatekeeping system on an inelastic good.

    The closer to the gold standard you were born the cheaper things like your house was, and the less debt was required as debt was actually a liability instead of an asset, because it is inevitably eroded by future money printing.